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Protectionist for Dummies

noun

pronunciation: prʌ'tɛkʃʌnɪst

What does Protectionist really mean?

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Hey there! So, you want to know what "protectionist" means. Well, don't you worry, because I'm here to explain it to you in the easiest way possible.

Now, imagine you have a special toy, let's say it's your favorite video game console. You love playing games on it and it brings you a lot of joy. And just like you, other kids have their own favorite toys too.

But what if some of those kids try to take your video game console away from you? How would that make you feel? I bet you wouldn't like it very much because that toy is special to you. You would want to protect it, right?

Well, protecting your video game console is kind of like being protectionist. It means that you want to safeguard something you have, like your toy, or even something bigger like your country's economy.

In the context of countries, being protectionist means that a country wants to shield its own businesses and industries from competition with other countries. They might put up barriers, like taxes or laws, to limit the amount of goods or services that come from other places. This is done to give their own businesses a better chance to grow and succeed.

So, being protectionist is like putting a shield around your toy or your country, to make sure that it gets the attention and support it needs without too much competition.

Now, just to make things a bit clearer, there can be two different meanings of "protectionist." One is when a country wants to protect its own businesses from foreign competition. The other meaning is when a person wants to protect their own job or industry from being taken away by people from other countries.

For example, imagine you are really good at drawing and you want to become a famous artist someday. But someone comes along who can draw even better than you, and they work for much cheaper than you do. That might make it harder for you to find work as an artist, right? So, you might want the government to put some rules in place to protect artists like you from this kind of competition.

So, being protectionist can apply to both countries and individuals who want to safeguard what they have and prevent others from taking it away.

I hope that explanation made sense to you! If you have any more questions, feel free to ask.

Revised and Fact checked by Alex Johnson on 2023-10-28 16:58:17

Protectionist In a sentece

Learn how to use Protectionist inside a sentece

  • A country that only allows its own people to sell and buy goods from other countries is being protectionist.
  • If a person refuses to buy a toy made in another country because they want to support companies in their own country, that person is being protectionist.
  • A government that puts higher taxes on imported products than on locally made products is following a protectionist policy.
  • When a country limits the number of cars it imports from other countries to protect its own car industry, it is adopting a protectionist approach.
  • If a country puts restrictions on foreign companies opening businesses within its borders to safeguard its local industries, it is practicing protectionism.

Protectionist Hypernyms

Words that are more generic than the original word.