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English definition of “protectionism”

protectionism

noun [U]
 
 
/prəˈtekʃənɪzəm/ ECONOMICS
actions of a government to help its country's trade or industry by putting taxes on goods bought from other countries or by limiting the amount of goods that can be imported: The committee will discuss the relative merits of free trade and protectionism. economic protectionism
(Definition of protectionism from the Cambridge Business English Dictionary © Cambridge University Press)
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