What Are the Infant Industry Arguments Against Free Trade

question 69

Essay

What are the infant industry arguments against free trade?

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Definitions:

Rationality

The quality of being based on or in accordance with reason or logic, often involving the making of decisions using cost-benefit analysis.

Self-Interest

The pursuit of personal advantage and well-being, often considered the motivating factor behind economic activities.

Utility

The satisfaction or benefit derived by consumers from consuming goods and services.

Opportunity Cost

The potential benefit that is missed out on when choosing one alternative over another.