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What economic theory would be most likely to make a person oppose taxing imports? capitalism mercantilism socialism communism

Respuesta :

Capitalism will oppose taxing imports.

Capitalism is an economic system according to which they stimulate imports as their whole productivity is dependent on them as raw material is needed. While the imports usually occur for luxury items by these capitalists. So, therefore capitalists are the major importers, and taxing imports will affect them directly.

  • Here rest of the system like Macantalism supports encouraging exports to a stable economy.
  • Socialism supports the social welfare of the society while Communism society encourages equality and equity in society.

If an individual is dependent on imports and deals in imported things the tax will affect his cost of purchasing which will increase the price and his consumption and sales would be reduced.

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