Explore Economics Topic subsidy disposable income money income real income IMF quota price index closed economy commerce clause commodity product goods developed open-market scarcity value adjustable peg primary production credit rationing Laffer curve consumer price index demand ...
Economics.the theory, practice, or system of fostering or developing domestic industries by protecting them from foreign competition through duties or quotas imposed on importations. any program, policy, or system of laws that seeks to provideprotectionfor property owners, wildlife, the environment, ...
See also:Economics -Ologies & -Isms. Copyright 2008 The Gale Group, Inc. All rights reserved. ThesaurusAntonymsRelated WordsSynonymsLegend: Switch tonew thesaurus Noun1.protectionism- the policy of imposing duties or quotas on imports in order to protect home industries from overseas competition ...
See also IMPORT RESTRICTIONS, NOMINAL RATE OF PROTECTION, EFFECTIVE RATE OF PROTECTION, BEGGAR-MY-NEIGHBOUR POLICY, MULTI-FIBRE ARRANGEMENT, DUMPING, LOCAL CONTENT RULE, WORLD TRADE ORGANIZATION. Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005...
Protectionismdescribes a series of economic policies that can restrain trade between nations. The definition of protectionism in economics is the use oftrade barriersto protect domestic industries from foreign competition. There are several types of restrictive trade barriers used in protectionism including...
Protectionism is the practice of following protectionist trade policies. A protectionist trade policy allows the government of a country to
andavarietyofothergovernmentregulationsdesignedtodiscourageimportsandpreventforeigntake-overofdomesticmarketsandcompanies.Thispolicycontrastswithfreetrade,wheregovernmentbarrierstotradeandmovementofcapitalarekepttoaminimum.Inrecentyears,ithasbecomecloselyalignedwithanti-globalization.Thetermismostlyusedinthecontextofeconomics,...
WordReference Definition WordReference English-Chinese Dictionary © 2024: 主要翻译 英语 中文 protectionism n (restriction of foreign imports) SC 贸易壁垒 TC 貿易壁壘 SC 贸易保护主义 Brazil practices protectionism by heavily taxing foreign imports. 有所遗漏?报告错误或提出改进建议...
In economics, the picture on the left represents economic activity, where people are engaging in work—organized, purposeful activity—to produce goods and services. The picture on the right represents cost, wasted effort, inefficiency, or conflict. Policies that encourage people to produce work, or...
Nicholas Lardy, a senior fellow at Washington D.C.-based think tank the Peterson Institute for International Economics (PIIE), said that the concept of excess capacity is "potentially harmful." “The idea seems to imply that no country should produce more of a product than could be sold dome...