Economics A-Level
Protectionism
What Protectionism means in Economics A-Level, as defined for AQA.
Definitions of Protectionism
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Reference: AQA
Protectionist measures such as tariffs achieve expenditure switching by making foreign goods more expensive and switching domestic expenditure towards local producers.
Policies aiming to restrict free trade and protect domestic producers, shielding domestic industries from foreign competition.
Topics that use Protectionism
- The balance of payments (AQA A-Level)
- Trade (AQA A-Level)
Related terms
- International trade
- Balance of payments
- Capital account
- Comparative advantage
- Competitiveness
- Current account
- Current account deficit
- Deadweight welfare loss
Using Protectionism in the exam
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