# Key concepts

> These are the words you need for protectionism and free trade. Protection (also called protectionism) is a trade policy. The state discourages imports of certain goods and services so local…

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## Full notes

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## More in Protectionism and free trade

- [Export promotion](https://www.hlayiso.com/grade-12/economics/notes/protectionism-and-free-trade/export-promotion) — Next section
- [All Protectionism and free trade sections](https://www.hlayiso.com/grade-12/economics/notes/protectionism-and-free-trade)

## Frequently asked questions

### What will I learn in "Key concepts"?

This section covers Key concepts as part of Protectionism and free trade in Grade 12 Economics. You'll find clear explanations, worked examples, and key definitions aligned to the CAPS curriculum.

### Is this section aligned with the CAPS curriculum?

Yes. All notes on Hlayiso, including "Key concepts", are written against the official CAPS curriculum and ATP for Grade 12 Economics.

### What should I study after "Key concepts"?

Continue with the next section in Protectionism and free trade, or test your understanding with the interactive quiz linked to this section.

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