Question:

How might a subsidy be used to artificially protect a domestic industry?

by  |  earlier

0 LIKES UnLike

How might a subsidy be used to artificially protect a domestic industry?

 Tags:

   Report

1 ANSWERS


  1. A subsidy is a government allowance to domestic producers to make their prices more competitive. Therefore it protects the industry from going bankrupt as it becomes more internationally competitive in terms of prices or it could hire more employees which means a greater amount of output in production is achieved.

Question Stats

Latest activity: earlier.
This question has 1 answers.

BECOME A GUIDE

Share your knowledge and help people by answering questions.