economic sanctions

economic sanctions definition - business

economic sanctions

Economic penalties imposed on companies or countries in an attempt to force a change in policies. For example, the United States might prohibit the import of products from a country that supports terrorist organizations.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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