Definition

The practice of supporting local businesses by restricting imports from other countries, often through taxes or limits on foreign products.

Example

Many countries adopt protectionism to help their local industries grow.

Conversation

Have you heard about the rise of protectionism in our country lately?

Yeah, it seems like everyone is talking about it these days.

I wonder how that will affect prices for imported goods.

It could definitely make things more expensive, especially if tariffs go up.

Synonyms & Antonyms

Root Explanation

Protectionism → It is formed from "protect" (from Latin "protegere", meaning to cover in front) and "-ism" (a suffix used to denote a practice or philosophy). The word refers to the practice of protecting domestic industries from foreign competition.

Memory Tip

Think of 'covering' ('protegere') something to keep it safe, which helps you remember that protectionism is about safeguarding local businesses.

Visually Confused Words