Meaning of the word protectionism in English
What does protectionism mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
protectionism
US /prəˈtek.ʃən.ɪ.zəm/
UK /prəˈtek.ʃən.ɪ.zəm/
Noun
1.
the theory or practice of shielding a country's domestic industries from foreign competition by taxing imports
Example:
•
The government implemented protectionism to support local businesses.
•
Critics argue that protectionism can lead to trade wars.
Synonym:
Learn This Word at Lingoland