Protectionism (noun)

1. The economic policy of protecting domestic industries through tariffs, quotas, and other trade barriers.
2. The practice of giving special treatment or advantages to domestic industries or companies to help them compete with foreign ones.

Origin:

From protection + -ism, modeled on words such as imperialism, capitalism, etc.

Examples:

1. The country has adopted a policy of protectionism to support its domestic industries.
2. The government"s protectionism policies have hurt the country"s economy.
3. The company's CEO argued in favor of protectionism to protect American jobs.
4. The critics of protectionism argue that it raises the cost of goods for consumers.
5. The economist argued that protectionism would lead to a trade war between the countries.