free trade & protectionist

Destiny Perkins

free trade

  • Free trade is the unrestricted purchase and sale of goods and services between countries without the imposition of constraints such as tariffs, duties and quotas. Free trade is a win-win proposition because it enables nations to focus on their core competitive advantage(s), thereby maximizing economic output and fostering income growth for their citizens.
  • free trade organizatins: NAFTA, EU, APEC, OPEC

protectionist

protectionist

  • In economics, protectionism is the economic policy of restraining trade between states (countries) through methods such as tariffs on imported goods, restrictive quotas, and a variety of other government regulations designed to allow (according to proponents) fair competition between imports and goods and services
  • they want to keep trade down and keep it to themselves