gracev7288 gracev7288
  • 23-12-2019
  • Business
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What mercantilist policy was designed to protect local industries from foreign competition?

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zunesyed
zunesyed zunesyed
  • 04-01-2020

Answer:

Tariffs

Explanation:

The mercantilist policy was developed to encourage exports and to discourage imports. The policy to apply tariffs to increase the prices of imported or foreign good was developed to help protect local industries. The tariffs are used to increase the overall prices of foreign goods compared to local goods, that help local industries to sustain foreign pressure and to compete in the market.

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