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The proposition that protection is necessary to allow an infant industry to grow into a mature industry so that it can compete in world markets is the .
Efficiency
The degree to which resources are used optimally to achieve a desired outcome, minimizing waste and maximizing output.
Equality
The situation where individuals have the same rights, opportunities, and status.
Society's Resources
The total available assets, both natural and man-made, that are available for use by a society.
Marginal Benefit
The supplementary pleasure or utility a consumer experiences when an additional unit of a good or service is consumed.
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