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Infant industries can be described as?

Economics
WAEC 2017

Infant industries can be described as?

  • A. newly established industries
  • B. industries enjoying tax holidays
  • C. industries producing baby products
  • D. newly commercialized industries
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Correct Answer: Option A
Explanation

In economics, an infant industry is a new industry, which in its early stages experiences relative difficulty or is absolutely incapable in competing with established competitors abroad.

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