2006-12-18 15:29:36 · 5 answers · asked by Anonymous in Social Science ➔ Economics
Domestic industry benefits from import restrictions as import restrictions directly limit competition from overseas.
Foreign producers lose as the markets they are trying to export to are now protected.. ie. their produce is being made more expensive by governemnt charges.
2006-12-18 15:32:03 · answer #1 · answered by AndyLoops 2 · 1⤊ 0⤋
The biggest losers are many -- the domestic consumers, who are denied their freedom of choice by a government that pretends to "represent" them. Needless to say a restriction is only lobbied for by domestic industry when consumers know that they would be better off choosing the import.
The winners are few -- the special interests that lobbied for the restrictions in order to benefit at the expense of consumers. This includes both corporations and labor monopolies (ie unions).
2006-12-18 17:04:51 · answer #2 · answered by KevinStud99 6 · 0⤊ 0⤋
internal companies win, foreign companies loose
2006-12-18 16:12:03 · answer #3 · answered by david 2 · 0⤊ 0⤋
as others have said above me, we all lose in some form, sad isn't it.
2006-12-18 15:39:31 · answer #4 · answered by barrbou214 6 · 0⤊ 0⤋
buyers & sellers
2006-12-18 15:31:39 · answer #5 · answered by ? 7 · 0⤊ 0⤋