PROTECTIONISM

protectionism

(noun) the policy of imposing duties or quotas on imports in order to protect home industries from overseas competition

Source: WordNet® 3.1

Etymology

Noun

protectionism (countable and uncountable, plural protectionisms)

(politics, economics) 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.

Source: Wiktionary

Pro*tec"tion*ism, n. (Polit. Econ.)

Definition: The doctrine or policy of protectionists. See Protection, 4.

Source: Webster’s Unabridged Dictionary 1913 Edition

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