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Jessicamcosta Jessicamcosta
  • 31-03-2016
  • History
Answered

Is there any disadvantage to a government subsidizing domestic firms to make them able to compete in price with cheaper imported goods?

Verified Answer :

JoeMcCarthy
JoeMcCarthy JoeMcCarthy
  • 31-03-2016

Inflation is one, more money into the economy means higher prices. It also shows a disregard for the Law of Comparative Advantage which is theory that countries should specialise in an industry that makes sense as so not to subsidise.

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