Protectionism

Language: English
Pronunciation: pro-tec-tion-ism
Part of Speech: noun

Defined Definitions

DictionaryAPI

A system or policy of protecting the domestic producers of a product from foreign competition by imposing tariffs, quotas, duties or other barriers on importations.

User Defined Definitions

"the policy of imposing duties or quotas on imports in order to protect home industries from overseas competition"

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