What is the importance of domestic industry

By providing protection to domestic producers their profits can be raised at the expense of consumers who suffer a loss in consumer surplus as protection denies them consumption of low-priced imported goods. That is, protection redistributes income in favour of domestic producers.

The importance of domestic trade in a country is that it facilitates exchange of goods within the country. By doing this it also makes sure that factors of production reach to the right places so that the economy of the country can grow.

Explanation:

gamsahamnida

have a great day ahead

what group of people depend on what yoy are talking i will still you once you tell me what group of people you are talking about : )

i think i know what group you are talking about so the brahmins