nonprotectionist

Meanings

• adjective

  Relating to or favoring free trade without tariffs, quotas, or other protective measures.

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Variants

List of all variants of nonprotectionist that leads to same result
nonproductive , nonproductiveness , nonproductivenesses

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Etymology

origin and the way in which meanings have changed throughout history.

From the Latin word 'protegere' meaning 'to shield' or 'to cover', the opposite of protectionist.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. The Magna Carta, signed in 1215, is considered one of the first nonprotectionist agreements, limiting the power of the monarchy over trade.

2. The Smoot-Hawley Tariff Act of 1930, which imposed high tariffs on imported goods, is considered a major cause of the Great Depression and is an example of protectionist policies.

3. The World Trade Organization (WTO) is an international organization that promotes free trade and economic cooperation between its member countries.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. free trade: An economic system where countries do not restrict imports or exports between each other.

2. tariff: A tax imposed on imported or exported goods.

3. quota: A limit on the amount of a particular commodity that can be imported or exported.

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How to Memorize "nonprotectionist"

1. visualize
   

   - Visualize a free market with no barriers or restrictions.

2. associate
   

   - Associate the term with the concept of free trade and the absence of protective measures.

3. mnemonics
   

   - Remember that nonprotectionist means 'not protecting' or 'favoring free trade'.

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