asked 88.7k views
0 votes
How free trade rather than protectionism can favour countries.​

asked
User Saleema
by
8.0k points

1 Answer

3 votes

Step-by-step explanation:

Free trade is good for consumers. It reduces prices by eliminating tariffs and increasing competition. ... In principle, this will make goods and services cheaper. In contrast, protectionism can result in destructive trade wars that increase costs and uncertainty as each side attempts to protect its own economy.

answered
User Behnam Safari
by
7.5k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.