Edexcel A Level Business Theme 4

• Protectionism


  Arguments For:

  • Can protect domestic industries and jobs
  • Can reduce trade deficits and improve the balance of payments

  Arguments Against:

  • Can lead to higher prices and reduced choice for consumers
  • Can harm economic growth and jobs in the long run
  • Can spark retaliatory measures from other countries
• Quotas


  Arguments For:

  • Helps to control the amount of imports and protect domestic industries
  • Can prevent overproduction and stabilize markets

  Arguments Against:

  • Can lead to a rise in black markets and smuggling
  • Can inconvenience consumers by limiting the availability of certain goods
  • May not be effective in reducing imports
• Tariffs


  Arguments For:

  • Protects domestic industries from foreign competition
  • Generates revenue for the government

  Arguments Against:

  • Increases the cost of living for consumers
  • Can lead to retaliatory measures from other countries
  • May not be effective in promoting economic growth