Definition, Meaning & Synonyms
trade-ban
noun
/treɪd bæn/
Definition
A trade-ban is a legal restriction that prohibits the exchange of goods and services between countries or within specific markets.
Examples
- The government imposed a trade-ban on several nations to protect its economy.
- After the conflict, a trade-ban was enacted to restrict imports from the aggressor country.
- The trade-ban resulted in significant losses for local businesses dependent on foreign supply.
Meaning
It typically refers to government-imposed measures designed to protect domestic industries or respond to economic sanctions.
Synonyms
- embargo
- prohibition
- restriction
