Free Trade vs. Protectionism

The video tutorial explores the concepts of free trade and protectionism, discussing their advantages and disadvantages. It explains how protectionism uses tariffs, quotas, and other barriers to shield domestic industries, while free trade promotes competitive markets and international cooperation. The tutorial also touches on recent trade controversies, such as Brexit, and the role of organizations like the WTO in facilitating global trade.

In what ways can protectionism benefit workers in certain industries?

What are the potential advantages of free trade according to economists?

What was the significance of Brexit in the context of trade policies?