Technical Protectionism

There&rsquo;s a well known concept in economics known as comparative advantage . A formal definition has many nuances, but&#xA;the basic principle can be summed up as each party undertaking the work that they are most productive at, such that the&#xA;overall production of the system is higher than it would be if each party performed tasks they were less productive&#xA;with. For example, if Farmer…