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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•ism(prəˈtɛk ʃəˌnɪz əm)
the practice of protecting domestic industries from foreign competition by imposing import duties or quotas.
pro•tec′tion•ist, n., adj.
the theory or practice of a method of fostering or developing industry through restrictive tariffs on foreign imports. — protectionist, n., adj.See also: Economics
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|Noun||1.||protectionism - the policy of imposing duties or quotas on imports in order to protect home industries from overseas competition|
economic policy - a government policy for maintaining economic growth and tax revenues