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Domestic Producers
Refers to manufacturers and suppliers that create goods and services within a country's borders, contributing to its economy.
Domestic Consumers
Individuals or households within a country that purchase goods and services for personal use, as opposed to businesses or foreign buyers.
Tariff
A tax imposed by a government on imported goods or services to protect domestic industries or generate revenue.
Infant Industry
A new or emerging industry that may be protected by the government from international competition to allow it to grow.
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