Examlex
Group members who are motivated mainly to fulfill personal needs play a
Import Substitution
A strategy aimed at reducing foreign dependency through the domestic production of previously imported goods.
Infant Industries
Newly established industries that may not yet be competitive in the global market without protection or support from the government.
Global Rivals
Competitors that operate in multiple countries around the world, often vying for market share in the same industry sectors.
Infant Industry
A newly established sector or industry in its early development stage, often protected by the government through tariffs or subsidies to help it grow.
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