protectionism
noun/prəˈtɛkʃəˌnɪzəm/
Frequency rank: #15,607 most common English word
Meaning
The economic policy of restricting imports to protect domestic industries from foreign competition.
Example sentence
Many economists warn that protectionism can lead to higher prices for consumers.
Synonyms & related words
- isolationism
- nationalism
- mercantilism
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