Government protectionism is a key condition that must be present for pure capitalism to exist.

Question

Quizplus · Accepted Answer

Government protectionism involves the government providing assistance to domestic industries through tariffs, subsidies, or regulations. This intervention in the free market is contrary to the principles of pure capitalism, which advocates for a free and unrestricted market where buyers and sellers determine prices without government interference.

Government Protectionism Is a Key Condition That Must Be Present