Question

According to the ________ argument, governments should temporarily support new industries until they have grown strong enough to meet international competition.

Answer 1

Answer:

The right answer is "Infant industry".

Explanation:

• An economic phrase that is used to characterize the organization through its early phases of developmental stage, is determined as the Infant industry argument.
• This means that a freshly created industry seems to be a newborn industrial sector, requires authorities to either support and/or safeguard certain businesses through regulations.