Outrageously Funny Word Dictionary :: Protectionism

👉 Protectionism is a policy, practice or ideology that involves restricting imports and encouraging exports. It is often associated with protectionist trade policies in international relations, where countries aim to maintain their own economic advantage over rivals by imposing high tariffs on imported goods.

protectorship

👉 Protectionism is an economic theory that suggests countries should protect domestic industries from imports and encourage foreign competition. This concept, which originated in the early 20th century to address the perceived threat of foreign monopolies, has been criticized for being overly protective and stifling innovation. In practice, protectionist policies have often resulted in reduced trade with other countries due to higher tariffs and quotas on imported goods. They also can lead to a lack of competition and undermine economic growth by reducing consumer choice and increasing

protectionist

👉 Protectionism, also known as protectionist trade policies, is a set of economic policies that aim to protect domestic industries from foreign competition. These policies can include tariffs, quotas, and other forms of export controls designed to limit imports or increase domestic production. The purpose of protectionism is to ensure the national interest by preventing foreign companies from entering the domestic market and reducing the cost of imported goods. It often involves government intervention in foreign trade to protect domestic industries against foreign competition, such as imposing taxes on

protectionism

👉 Protectionism is a trade policy that promotes the production of goods and services by imposing tariffs, quotas, or other protective measures on foreign imports. This approach aims to protect domestic industries from foreign competition and increase domestic demand for domestically produced goods. The goal of protectionism is often to reduce the cost of imported goods and make them more competitive in international markets.

protectional