Protectionism tends to create a society that pits one interest group against another and seeds social discord.

Question

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Protectionism often leads to trade wars and results in the imposition of higher tariffs, quotas, or other barriers. This narrows down the markets, raises prices of goods and services, and limits choices for consumers. As a result, various interest groups, such as workers, producers, consumers, and investors, start competing for advantages and protection, which leads to conflicts and social tensions.

Protectionism Tends to Create a Society That Pits One Interest