պրոտեկցիոնիզմ

պրոտեկցիոնիզմ

Opposition to free trade. Although intended to protect a country’s economy from foreign competitors, it usually makes the protected country worse off than if it allowed international trade to proceed without hindrance from trade barriers such as quotas and tariffs.

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Part of Speech: noun
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Blossary:
Industry/Domain: Economy
Category: Economics
Company: The Economist
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