PROTECTIONISM
Protectionism
Protectionism is the economic policy of restraining trade between states through methods such as tariffs on imported goods, restrictive quotas, and a variety of other government regulations designed to allow fair competition between imports and goods and service produced domestically.The above text is a snippet from Wikipedia: Protectionism
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protectionism
Noun
- A system or policy of protecting the domestic producers of a product from foreign competition by imposing tariffs, quotas or other barriers on imports.
The above text is a snippet from Wiktionary: protectionism
and as such is available under the Creative Commons Attribution/Share-Alike License.