Protectionism leads to

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Protectionism is a policy that aims to protect domestic industries from foreign competition, often through tariffs or quotas on imported goods. This can lead to possible profits for domestic producers, as they face less competition and have a better chance of selling their products at higher prices. However, protectionism tends to lead to a decrease in world trade as it limits the flow of goods and services across borders. As a result, it is unlikely to lead to an increase in exports or countertrade, and may even lead to a decrease in imports.

Protectionism Leads to