What are the features of the policy of protectionism and free trade?

The main feature of the policy of protectionism is support and protection from competition of one’s own, as a rule, domestic product, in various ways. The most common are taxes on the import of foreign goods, customs duties, various restrictions on foreign goods, etc. The peculiarity of the free trade policy is free, unrestricted competition within the legal framework. That is, in this case, the laws of the market are the main ones, and not the interests of domestic producers.



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