Examlex
When managers see the need to modify the roles of members within an existing group, members of the group are encouraged to take on additional responsibilities.This is called
Infant-Industry
An economic rationale for trade protectionism arguing that new industries need to be shielded from international competition to allow them to grow and become competitive.
Infant-Industry Argument
The justification for protective tariffs to shield emerging domestic industries from international competition until they become competitive.
Free Trade
The policy of allowing goods and services to be traded between countries with few or no restrictions or tariffs.
General Agreement
A broad consensus or mutual understanding among parties on a specific set of terms or conditions in various contexts.
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