A new entry into an industry sector that is mature in other states and, therefore, is often protected by its government is a(n):
Correct answer: D. infant industrySend Money Overseas
- A. start-up firm
- B. service industry
- C. venture capital firm
- D. infant industrySend Money Overseas
Explanation
An infant industry is a new domestic industry competing with mature foreign industries and therefore seeking temporary government protection. A start-up is a broader business term and does not necessarily involve protection from imports.
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