infant industry

infant industry definition - business

infant industry

An emerging area of business or commerce. For example, a country may be in the early development stage of automobile manufacturing. Some people argue that infant industries need protection in the form of quotas or tariffs in order to grow and be competitive.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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