The infant industry argument is based on the idea of:

Question

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The infant industry argument suggests that in the early stages of development, a new industry may not have a comparative advantage due to lack of experience and economies of scale. However, through investments in research and development, education and training, and technology, the industry can achieve dynamic comparative advantage in the long run, allowing it to compete with established industries. This argument justifies government intervention to provide temporary protection to domestic industries until they can compete on their own in the global market.

The Infant Industry Argument Is Based on the Idea Of