protectionism

Meanings

• Noun

  A government policy or action that protects domestic industries from foreign competition by imposing tariffs, quotas, or subsidies.

  - "The country implemented protectionist policies to shield its steel industry from foreign competition."
  - "The protectionism measures led to a trade war between the two countries."

---

Pronunciation

1. /pɹəˈtekʃənɪzəm/
   
   
   
   Source: "https://commons.wikimedia.org/w/index.php?curid=28940748"

---

Variants

List of all variants of protectionism that leads to same result
protectionism , protectionisms , protectionist , protectionists

---

Etymology

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

From the Latin word 'protegere' meaning to shield or protect.

---

Trivia

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

1. Protectionism was a common economic policy in the 19th and early 20th centuries, but it has fallen out of favor in recent decades due to the rise of globalization.

2. The Smoot-Hawley Tariff Act of 1930, a prominent example of protectionism, is credited with contributing to the Great Depression.

3. Some argue that protectionism can be beneficial in certain circumstances, such as when a domestic industry is in its infancy and needs protection to grow.

---

Related Concepts

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

1. Tariff: A tax on imported or exported goods.

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

3. Subsidy: A government payment to an industry or business to help keep it competitive.

---

Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Protectionism has been a topic of debate in economic and political circles for centuries. It has been used as a tool to protect domestic industries from foreign competition, but it can also lead to retaliation and trade wars.

How to Memorize "protectionism"

1. visualize
   

   - Imagine a shield being raised to protect domestic industries from foreign competition.

2. associate
   

   - Associate the word with the concept of shielding or protecting.

3. mnemonics
   

   - Use the mnemonic 'Protect Our Nation's Industries' to remember the meaning of protectionism.

---

Memorize "protectionism" using Dictozo

The best and recommended way to memorize protectionism is, by using Dictozo. Just save the word in Dictozo extension and let the app handle the rest. It enhances the memorization process in two ways:

1. Highlighting:

   Whenever users encounters the saved word on a webpage, Dictozo highlights it, drawing the user's attention and reinforcing memorization.
2. Periodic Reminders:

   Dictozo will send you periodic reminders to remind you the saved word, it will ask you quiz. These reminders could be in the form of notifications or emails, prompting users to recall and reinforce their knowledge.