The phenomenon that occurs when an infant industry becomes better and more efficient as it produces more of a good is called

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Quizplus · Accepted Answer

Learning by doing refers to the process by which an industry gains efficiency and expertise through repeated practice and experience. As an infant industry produces more of a good, it learns from its experiences and becomes better at producing the good, leading to increased efficiency and lower costs. This can be an important factor in allowing the industry to compete with more established industries and eventually become successful.

The Phenomenon That Occurs When an Infant Industry Becomes Better