HSC Together > Year12 > Methods of Protection: Quotas, Local Content Rules and Export Incentives

Economics

Methods of Protection: Quotas, Local Content Rules and Export Incentives

Protection involves any policies used by an economy to give it an artificial advantage over foreign competitors, hence restricting imports into the domestic economy. There are several methods for protection which you learn about in HSC Economics, These include:

  • Tariffs
  • Subsidies
  • Quotas
  • Local content rules
  • Export incentives

Let’s now look at quotas, local content rules and export incentives in the videos below: