Free trade and protectionism are 2 approaches that a country can take in regards to trade. It details the ability for people to buy products and services from other countries and/or sell products and services to other countries. It has effects on both international trade and on domestic issues.
What is Free Trade?
Free Trade means there are no restrictions on the buying and selling of goods from/to people from other countries. That applies to all goods such as outsourcing, pharmaceuticals, etc.
What are the Effects of Free Trade?
Free Trade increases competition among the suppliers of goods. That has the following effects:
- Goods are cheaper
- Wages are lower
- Goods are better quality
- There is a wider variety of goods on the market
What is Protectionism?
Protectionism means there are restrictions on the buying and selling of goods from/to people from other countries. Examples of protectionist policies are tariffs, quotas, etc.
What are the Effects of Protectionism?
- Goods are more expensive
- Wages are higher
- Goods are poorer quality
- There is less variety of goods on the market
|Rate||Assets Under Management|
|1.00%||Between $125,000 and $750,000|
|.85%||Between $750,000 and $1,250,000|
|.80%||Between $1,250,000 and $1,750,000|
|.75%||Between $1,750,000 and $2,500,000|
|.70%||Between $2,500,000 and $3,250,000|
|.65%||Between $3,250,000 and $4,250,000|
A single rate is applied to the entire account. So a person with a $750,000.01 account pays less than a person with a $750,000 account. I will waive personal tax return fees for accounts over $1 million. For accounts that are above $5,250,000, we’ll need to discuss a custom rate.
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Questions for the comments
Did my explanation make sense? Do you agree or disagree with what I said?