Which best describes why countries establish limits on trade? check all that apply

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27-06-2022
Social Studies

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Which best describes why countries establish limits on trade? check all that apply

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okpalawalter8 okpalawalter8 · Answer 1 · 2022-06-28T14:06:47+02:00

Countries establish limits on trade to Trade barriers are erected so as to shield domestic industries and employees from foreign competition. This is further explained below.

What is trade?

Generally, trade is simply defined as business as usual, including the exchange of products and services.

In conclusion, When a nation imposes barriers to the import of products and services produced in other countries, they are engaging in protectionist behavior.