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Simple English definitions for legal terms

Protectionism

Read a random definition: ex arbitrio judicis

A quick definition of Protectionism:

Protectionism: Protectionism is when a country tries to protect its own businesses from competition with other countries by putting taxes on goods that come from other countries. This is done to help the businesses in their own country. Some people think this is a good idea because it helps their own country, but others think it's not fair to other countries and can cause problems.

A more thorough explanation:

Protectionism is an economic idea that suggests using taxes and other government restrictions to safeguard local businesses from foreign competition. This approach may arise from different reasons, such as nationalistic pride or concerns about a worldwide competition that could harm all workers involved. The opposite of protectionism is free trade, which advocates for open markets and unrestricted commerce between countries.

  • Imposing high tariffs on imported goods to make them more expensive and less competitive with local products.
  • Limiting the number of foreign companies that can operate in a country to reduce their impact on local businesses.
  • Subsidizing domestic industries to make them more competitive and able to lower their prices.

These examples illustrate how protectionism can create barriers to trade and limit the choices and opportunities available to consumers. While protectionism may benefit some industries and workers in the short term, it can also lead to higher prices, lower quality, and reduced innovation in the long run. Moreover, protectionism can trigger retaliation from other countries, which may harm the exports and jobs of the country that started the protectionist measures.

Protected class | protective custody

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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