Definition of preferentialism in English:

preferentialism

noun

Economics
  • The system of preference; especially (in Britain and the Commonwealth) the system of imperial preference (now historical).

Origin

Early 20th century; earliest use found in The Times. From preferential + -ism, after preferentialist.

Pronunciation

preferentialism

/ˌprɛfəˈrɛnʃəlɪz(ə)m//ˌprɛfəˈrɛnʃ(ə)lɪz(ə)m/