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Simple English definitions for legal terms

Protectionism

Read a random definition: Administration for Children and Families

A quick definition of Protectionism:

Protectionism: Protectionism is when a country tries to protect its own businesses from competition with other countries by putting taxes on goods that come from other countries. This is done to help the businesses in their own country. Some people think this is a good idea because it helps their own country, but others think it's not fair to other countries and can cause problems.

A more thorough explanation:

Protectionism is an economic idea that suggests using taxes and other government restrictions to safeguard local businesses from foreign competition. This approach may arise from different reasons, such as nationalistic pride or concerns about a worldwide competition that could harm all workers involved. The opposite of protectionism is free trade, which advocates for open markets and unrestricted commerce between countries.

  • Imposing high tariffs on imported goods to make them more expensive and less competitive with local products.
  • Limiting the number of foreign companies that can operate in a country to reduce their impact on local businesses.
  • Subsidizing domestic industries to make them more competitive and able to lower their prices.

These examples illustrate how protectionism can create barriers to trade and limit the choices and opportunities available to consumers. While protectionism may benefit some industries and workers in the short term, it can also lead to higher prices, lower quality, and reduced innovation in the long run. Moreover, protectionism can trigger retaliation from other countries, which may harm the exports and jobs of the country that started the protectionist measures.

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11:50
berk td is unlikely so BERK MONDAY :eyes:
hi eggan :)
babycat
11:52
@m10: I’m not going to DC this isn’t going to work out
11:55
hello all
hello info man
@m10: go see her it's worth the risk
11:55
hey wasp
babycat
11:56
hi information man
m10
11:56
Thanks wasp, I will.
11:56
hey babycat
m10
11:56
@babycat: What I am referencing earlier with the balls comment. https://youtu.be/qjRBAhWPT7g?si=MxPwIM12dco_Ad2M&t=3325
BulbasaurNoLikeCardio
11:56
Not worth the risk. Get a girl sick and she will remind you forever. Tell her whats up but do not share germs
m10
11:56
was*
JumpySubsequentDolphin
11:57
wear a mask
JumpySubsequentDolphin
11:57
go back to Covid days
m10
11:58
Nah nah she would not like that. She is conservative.
BulbasaurNoLikeCardio
11:58
Tell her you just got over a cold and if she wants to try and steal your germs its on her but no one likes being sick so hopefully she is chill
m10
11:59
We will see. This is enough feedback. Thank you all.
12:00
tell her you wanna test and see if your immune systems are compatible, that gets the ladies going
m10
12:00
Lol, maybe
babycat
12:00
lmao when you give the republican baddie the ick by masking up
12:01
LOL
Dkk
12:02
Just part of the culture.
BulbasaurNoLikeCardio
12:04
I wish that wearing a mask when sick stuck around as an okay thing like it is in the rest of the world, not all of us have enough sick days to be ditching work.
Dkk
12:04
Unless its like an N95 i dont think it will really do anything
12:04
there's even a mask ban in some places. altho one of my coworkers wears a mask anyway despite customers being rude to her about it
12:05
good morning
12:05
why does umiami ask "Are you applying, or have you applied, to other law schools? If so, please list them."
BulbasaurNoLikeCardio
12:05
One manager came in sick wearing a mask, got roasted and stopped wearing it that day. The entire office has been cycling sickness for two weeks now. It may not be super effective but it may help in slowing the spread during meetings when we have to be so close
12:05
am i the only one who has never gotten my status checker to work on here?
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