The term protectionism, when applied to international trade, refers to governmental restrictions and incentives to affect trade flows.

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Protectionism refers to government policies that limit or restrict trade between countries, often through measures such as tariffs, quotas, and subsidies, in an attempt to protect domestic industries and jobs from foreign competition. These policies can also include incentives for domestic businesses, such as tax breaks or subsidies, to encourage them to compete more effectively with foreign companies.

The Term Protectionism, When Applied to International Trade, Refers to Governmental