A new domestic industry with a potential for economies of scale is a(n):

Question

Quizplus · Accepted Answer

An infant industry is a new domestic industry that has the potential for economies of scale as it grows and develops. This refers to the cost advantages that a business can achieve as it increases its output. As the infant industry is still in its early stages, it may require governmental support to become competitive with established industries, but once it achieves economies of scale, it can become a competitive industry on its own.

A New Domestic Industry with a Potential for Economies of Scale