Neomercantilism (noun)
nee-o-mur-can-til-izm
an economic doctrine or policy during the early 20th century that set high tariffs and other import restrictions in order to protect domestic industries.
neo- + mercantilism
Example sentences
“The neomercantilism policy had been short sighted and was harmful to the economy.”
Word of the Day - Ergatocracy (noun) ur-gat-ok-ra-see Government by the workers.
