infant industry

Definition of "infant industry"
  1. A budding or emerging local industry that has higher production costs compared to similar, more established firms globally
How to use "infant industry" in a sentence
  1. Tariffs were increased to protect the infant industry from foreign competition.
  2. The government provided subsidies to the infant industry to keep it afloat.
  3. Despite being an infant industry, they were capable of producing goods of international standards.

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