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Protectionism Is Usually Justified on the Basis of One of Four

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Essay

Protectionism is usually justified on the basis of one of four arguments.What are those four arguments?


Definitions:

Promotion-Related Ethical Issue

This refers to moral dilemmas arising from marketing tactics, such as misleading advertisements or targeting vulnerable populations.

Social Entrepreneurship

The practice of starting businesses with the aim of solving social problems or providing social benefits.

Social Value

The importance or benefit that something provides to society, including social cohesion, welfare, and community wellbeing.

Earn Profits

The financial gains received by a business after all expenses have been subtracted from its total income.

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