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An infant industry argument is an argument that one person cannot win a competition. Depending to survive, they depend on the government's protectionism and largesse. At a time that is given, with inefficient industries gives low quality goods and a high price. The infant industry argument is criticized for these reasons. The government need a long time to figure out which argument will have growth potential. Because of the market will be smaller, the protectionism could hurt specific infant industry arguments. The justification for protection will disappear in a period of time. It may need protection to build to the point, which can be successfully competed. Small new firms are protected warranty especially in less developed countries.
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What arguments comes closest to constituting a legitimate economic exception to the case for free trade?
the infant-industry argument
What are the advantages and disadvantages of protecting an infant industry?
A protected infant industry lacks the incentive to become more effient and competitive, and once it's protected it is difficult to take the protection away. It's only protected because the mature industry wouldn't take it out, the infant industry needs time to grow up and learn.
List five arguments that are commonly used to support the protectionist argument?
protoct infant industries
Does tariffs contribute to infant industry protection?
Infant industry protection can come in the form of Tariffs, Quotas, Non-Tariff-Barriers or any inhibition of free trade in order to protect a *particular* industry (rather than the whole economy) as that particular industry or firm achieves dynamic increasing returns (costs fall with cumulative production rather than with the current rate of production- in other words, costs fall as the firm gains experience). The argument of using tariffs to protect an infant industry are only valid when 1) the protection is for a firm or industry rather than the whole economy, 2) the industry is a potential source for comparative advantage and 3) the protection (usually a tariff) is temporary and ends when the firm becomes internationally competitive (this is especially difficult due to issues with political economy)
What was the argument that supported the perception of big business leaders as captions of industry?
*Captains
Who was Marion Donovan?
Marion Donovan revolutionized the infant care industry by inventing the prototype of the disposable diaper.
What has the author Eduardo Luzio written?
Eduardo Luzio has written: 'Measuring the performance of a protected infant industry'
What are the advantages for trade protectionism?
Infant industry argument – protect new industriesDiversify the economy – help develop new industries to give more diversity to economyRaise revenueProtect certain key industries from international competition to try and safeguard jobs.Protect domestic jobs which are threatened by rise of imports.
For china describe one argument for and one argument against the privatization of industry?
In general terms, one argument for the privatization of industry in contemporary China is that it will bring dramatically increased economic profits to certain sectors of the national economy. One argument against such privatization: it will challenge the socialistic vision by which the country was re-founded in 1949 in such a way as to require a difficult re-formulation of the country's guiding principles.
Ano ang ibig sabihin ng infant industry sa pampublikong sektor?
Ang Pangit Mo !
What argument is there against the forest industry?
Habitats will be destroyed and less trees to take in carbon dioxide from the air
Which argument supports the perception of big business leaders as captains of industry?
Industrialists' support for technology benefited the economy.
