Protectionism
/prəˈtɛkʃəˌnɪzəm/
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Definition
(noun) 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.
Sentence Examples
Critics are just crying wolf about protectionism.
Algeria is struggling with protectionism.
CEFR Practice Quiz
Critics argued that ____ would harm the economy by raising prices and reducing competition.