Question

Which factors decrease because of protectionism? competition job security domestic production goodwill with trade partners importation of goods one then one answer!!!

Answer 1

competition,goodwill, and importation

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Answer 2

The factors that decrease because of protectionism are competition, goodwill with trade partners and importation of goods.

Protectionism is known as the economic policy of restricting imports from other countries through certain methods including tariffs on imported goods, import quotas, and a variety of other government regulations.

Protectionism reduces trade and adversely affect consumers in general (by raising the cost of imported goods), and affect the producers and workers in export sectors.