Associations to the word «Protectionism»

Wiktionary

PROTECTIONISM, noun. (politics) (economics) A system or policy of protecting the domestic producers of a product from foreign competition by imposing tariffs, quotas, duties or other barriers on importations.

Dictionary definition

PROTECTIONISM, noun. The policy of imposing duties or quotas on imports in order to protect home industries from overseas competition.

Wise words

Language is a process of free creation; its laws and principles are fixed, but the manner in which the principles of generation are used is free and infinitely varied. Even the interpretation and use of words involves a process of free creation.
Noam Chomsky