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protectionism
DEFINITIONS OF:
protectionism
1
n
the policy of imposing duties or quotas on imports in order to protect home industries from overseas competition
Types:
import barrier
,
trade barrier
any regulation or policy that restricts international trade
quota
a limitation on imports
embargo
,
trade embargo
,
trade stoppage
a government order imposing a trade barrier
Type of:
economic policy
a government policy for maintaining economic growth and tax revenues
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