c) Impacts

c) impact of protectionist policies on consumers, producers, governments, living standards, equality


on consumers

  • market price

  • product quality

  • product variety


on producers

  • demand

  • market price

  • production costs


on the government

  • tax revenue

  • administration costs

  • foreign relations and retaliation


on living standards

  • wages

  • employment

  • purchasing power