THE ROLE OF PROTECTIONISM AND FREE MARKET IN THE ECONOMIC DEVELOPMENT OF STATES

Authors

  • Bakhtishod Ibodov Student of the university of world economy and diplomacy

Keywords:

protectionism, free market, capitalism, regulated market, political economy, competitive markets, price system.

Abstract

In this article I am going to describe the role and significance of protectionism and free market relations in the economic development of countries. Also, information is provided about the economic systems that have been highlighted in the history of economically stable countries.

References

Adam Smith. (1776). The Wealth of Nations. Free trade and open markets are beneficial for economic growth and prosperity.

David Ricardo. (1817). Principles of Political Economy and Taxation. The theory of comparative advantage.

John Maynard Keynes. (1936). The General Theory of Employment, Interest and Money.

Downloads

Published

2023-07-10

How to Cite

Ibodov, B. (2023). THE ROLE OF PROTECTIONISM AND FREE MARKET IN THE ECONOMIC DEVELOPMENT OF STATES. SCHOLAR, 1(18), 87–90. Retrieved from https://researchedu.org/index.php/openscholar/article/view/4227

Issue

Vol. 1 No. 18 (2023): SCHOLAR

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.