employment argument for protection

Definitions

Economics

  • The use of a tariff or other trade restriction to promote employment, either in the economy at large or in a particular industry. This is a second best argument, since other policies - such as a fiscal stimulus or a production subsidy - could achieve the same effect at lower economic cost.
  • abbreviationjobs argument for protection
    (written as Employment argument for protection)
  • employment argument for protection.
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