The government policy-protected domestic producers in opposed to the international competition represent the example of subsidies.
The following information related to the subsidy should be considered:
- It is the lump sum amount that is given to individuals or businesses by the government.
- It permits the business for lowering the prices.
- Also, it protects domestic procedures.
Therefore we can conclude that the government policy-protected domestic producers in opposed to the international competition represent the example of subsidies.
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