protectionism
noun
Pronunciation: /prəˈtek.ʃən.ɪ.zəm/
Definition
Economic policy of restricting imports from other countries through methods such as tariffs on imported goods, restrictive quotas, and a variety of other government regulations.
Examples
Critics argue that protectionism ultimately hurts consumers by raising the prices of everyday goods.
The country shifted toward protectionism in the 1930s as a response to the global economic downturn.
Many developing nations have experimented with protectionism to help their infant industries gain a foothold in the global market.
Synonyms of protectionism
Words with a similar meaning to protectionism:
Antonyms of protectionism
Words with the opposite meaning to protectionism:
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