6.2.6 - Consequences of protection
Unit 6.2.6 - Consequences of protectionThis section of the Cambridge IGCSE Economics (0455) syllabus requires students to understand the effectiveness of protection and its impact on the home country and its trading partners.Recall that trade protection (or protectionism) refers to any form of economic policy aimed at safeguarding a country"s domestic firms and workers from foreign competition. These measures include...