protectionism

(noun)

A policy of protecting the domestic producers of a product by imposing tariffs, quotas or other barriers on imports.

Related Terms

  • Social Security
  • monopoly

Examples of protectionism in the following topics:

  • The challenges involved with remanufacturing

    • Products specifically designed to thwart attempts to disassemble and rebuild them (an act of protectionism to prevent firms from remanufacturing another business's products).
  • The Benefits of Mixed Economies

  • Memories Can Boost a Business

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