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Definition of protectionism - 5 dictionary results
pro⋅tec⋅tion⋅ism
[pruh-tek-shuh-niz-uh
m] 
–noun
| 1. | Economics. the theory, practice, or system of fostering or developing domestic industries by protecting them from foreign competition through duties or quotas imposed on importations. |
| 2. | any program, policy, or system of laws that seeks to provide protection for property owners, wildlife, the environment, etc. |
Related forms:
pro⋅tec⋅tion⋅ist, noun, adjective
pro⋅tec⋅tion⋅is⋅tic, adjective
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Based on the Random House Dictionary, © Random House, Inc. 2009.
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|
Link To protectionism
| pro·tec·tion·ism (prə-těk'shə-nĭz'əm) n. The advocacy, system, or theory of protecting domestic producers by impeding or limiting, as by tariffs or quotas, the importation of foreign goods and services. pro·tec'tion·ist n. |
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Protectionism
Pro*tec"tion*ism\, n. (Polit. Econ.) The doctrine or policy of protectionists. See Protection, 4.
Webster's Revised Unabridged Dictionary, © 1996, 1998 MICRA, Inc.
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Protectionism
Actions taken by a government to prevent imports from destroying domestic producers.
Investopedia Commentary
Governments that impose tariffs, quotas, or any other type of tax on imports are taking on a policy of protectionism.
Related Links
What Is The World Trade Organization?
What Is International Trade?
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protectionism
- The establishment of barriers to the importation of goods and services from foreign countries in order to protect domestic producers. Protectionism generates higher consumer prices. It is also likely to penalize domestic exporters because foreign countries are apt to retaliate with trade barriers of their own.
Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Copyright © 2003. Published by Houghton Mifflin.
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Copyright © 2009, Dictionary.com, LLC. All rights reserved.
