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The foot-in-the-door technique involves
World Price
The global market price of a product or service, determined by worldwide demand and supply.
Infant Industries
New or emerging industries in the early stages of development, often considered needing protection from international competition to grow.
Protectionism
Economic policy of restricting imports from other countries through methods such as tariffs and import quotas, to protect domestic industries.
Economics in Practice
Application of economic theories and principles to real-world scenarios and situations.
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