Examlex
People's movement out of a territory is called immigration.
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.
Tariff
A tax imposed on imported goods and services, which can be used to restrict trade, as they increase the cost of imported goods and services, making them more expensive to consumers.
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