1. Creation of jobs- protection of tariffs, subsidies and quotas allows companies to employ domestic workers
2. Minimal competition- if a country is trying to grow strong in new industry, tariffs will protect its from foreign
competitors
3. Weak industrial grow - due to lack of competition companies within the industry have no need to innovate and to increase
quality of product
4. Low economic growth- it reduces employment i.e export jobs hence slow economic growth
5. Creation of trade barrier- leads to limited import and export of new different products or goods
cholera answered the question on March 3, 2019 at 17:07
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