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- DictionaryPro·tec·tion·ism/prəˈtekSHəˌniz(ə)m/
noun
- 1. the theory or practice of shielding a country's domestic industries from foreign competition by taxing imports.
Jun 13, 2024 · protectionism, policy of protecting domestic industries against foreign competition by means of tariffs, subsidies, import quotas, or other restrictions or handicaps placed on the imports of foreign competitors.
noun. pro· tec· tion· ist prə-ˈtek-sh (ə-)nist. : an advocate of government economic protection for domestic producers through restrictions on foreign competitors. protectionism. prə-ˈtek-shə-ˌni-zəm. noun. protectionist adjective. Examples of protectionist in a Sentence.
May 31, 2024 · Protectionism refers to government policies that restrict international trade to help domestic industries. Protectionist policies are usually implemented with the goal of...
Protectionism, sometimes referred to as trade protectionism, is the economic policy of restricting imports from other countries through methods such as tariffs on imported goods, import quotas, and a variety of other government regulations.
Aug 31, 2022 · Pros and Cons of Protectionism. Written by MasterClass. Last updated: Aug 31, 2022 • 4 min read. Is it better to treat the international economy as a competition or an opportunity to cooperate? The question of free trade lies at the center of the debate over protectionism.
Dec 3, 2018 · Protectionism is a government-imposed trade policy by which countries attempt to protect their industries and workers from foreign competition. Protectionism is commonly implemented by the imposition of tariffs, quotas on import and exports, product standard, and government subsidies.
What is Protectionism? Protectionism is the practice of following protectionist trade policies. A protectionist trade policy allows the government of a country to promote domestic producers, and thereby boost the domestic production of goods and services by imposing tariffs or otherwise limiting foreign goods and services in the marketplace.
PROTECTIONISM definition: 1. the actions of a government to help its country's trade or industry by taxing goods bought from…. Learn more.
Protectionism definition: the theory, practice, or system of fostering or developing domestic industries by protecting them from foreign competition through duties or quotas imposed on importations..
actions of a government to help its country's trade or industry by putting taxes on goods bought from other countries or by limiting the amount of goods that can be imported: The committee will discuss the relative merits of free trade and protectionism. economic protectionism.
