The opposite of free trade is protectionism Quizlet
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Is free trade the same as protectionism?Free trade agreements reduce or eliminate barriers to trade across international borders. Free trade is the opposite of trade protectionism. In the U.S. and the E.U., free trade agreements do not come without regulations and oversight.
Is free trade an example of protectionism?Free trade is the opposite of protectionism - it means as few tariffs as possible, giving people the freedom to buy cheaper or better-made products from anywhere in the world. This is great for companies trying to cut costs, and that's helped drive prices down and boost the world economy.
What do you mean by protectionism?Protectionism refers to the policy of protecting domestic industries against foreign competition through tariffs, import quotas and subsidies, or other restrictions placed on the imports of foreign competitors.
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