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单词 infant industry
释义

infant industry

infant industry A new industry that may merit some protection against foreign competition in the short term. The argument in favour of providing protection, say in the form of a tariff on imported competitors’ goods, is that it would provide a period during which the new industry could streamline its process and make the necessary economies in order for it to become truly competitive with all market producers.

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更新时间:2024/9/21 14:34:32