Question on: JAMB Economics - 1995
Infant industries denote industries which?
A
are introducing new products
B
are too young to compete in the world market
C
produce baby food and mother care products
D
are allowed time enough to mature for recognition
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Correct Option: B
Infant industries are new industries that are not yet mature enough to compete with established industries in the global market. They often require government protection and support (like tariffs or subsidies) to survive and grow until they can become competitive.
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