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protectionism

Translations

protectionismnoun
The government adopted protectionism to safeguard local industries.
Правительство приняло протекционизм для защиты местных отраслей.
Synonyms
trade barriers
economic nationalism
import restrictions
tariff barriers
protectionist policies

Definitions

protectionismnoun
The economic policy of restricting imports from other countries through methods such as tariffs, import quotas, and other government regulations to protect domestic industries.
The government adopted protectionism to shield local manufacturers from foreign competition.
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