How Do You Spell PROTECTIONIST?

1. Protectionist is an adjective that describes a policy, practice, or belief system aimed at protecting domestic industries or economies from foreign competition, typically through the imposition of tariffs, quotas, or other trade restrictions. It is often associated with a nation's approach to trade, where protectionist measures are employed to shield domestic industries, jobs, and markets from being overtaken or undermined by foreign competition.

   Protectionist policies can take various forms, including the imposition of tariffs or duties on imported goods, which can increase their price and make them less attractive to consumers. Quotas can also be implemented to limit the quantity of foreign goods entering a country, thereby protecting local industries from being flooded by cheaper or more competitive imports.

   Proponents of protectionism argue that it allows domestic industries to grow and remain competitive, fostering economic growth, job creation, and national security. They believe that protecting local industries from foreign competition is necessary to prevent job loss and maintain a country's self-sufficiency in critical sectors.

   However, critics of protectionism contend that it distorts free trade and hampers global economic integration. They argue that protectionist measures can lead to higher prices for consumers, reduced product variety, and retaliation from trading partners, potentially triggering trade wars or reducing overall economic efficiency.

   Overall, protectionist policies involve deliberately restricting or modifying international trade flows to safeguard domestic industries, while simultaneously impacting international relations and the global economy.

2. One opposed to free trade.

   Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.

Common Misspellings for PROTECTIONIST

The word "protectionist" originated in the mid-19th century from the root word "protect" combined with the suffix "-ionist".

The root word "protect" comes from the Latin "protectus", which means "defend" or "guard". It is derived from the Latin terms "pro-", meaning "forward", and "tegere", meaning "to cover" or "to protect".

The suffix "-ionist" is derived from the Latin suffix "-ionem", which denotes an action or process. When added to the word "protect", it forms "protectionist" which signifies someone who practices or advocates for protection.

Overall, the word "protectionist" indicates someone who supports the policy of protecting domestic industries from foreign competition through measures such as tariffs, quotas, or subsidies.

Similar spelling words for PROTECTIONIST

Plural form of PROTECTIONIST is PROTECTIONISTS