protectionism
Pronunciation:
/pɹəˈtekʃənɪzəm/noun
Definitions
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.
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/pɹəˈtekʃənɪzəm/Definitions
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.