Examlex
Identify the three basic forms of business organizations and their key attributes.
Infant Industries
New or emerging industries in their early stages that may be protected by the government through subsidies or tariffs to help them grow.
Self-Sufficiency
The ability of an individual or economy to provide for all their needs without external assistance.
Infant Industry Protection
Economic policies designed to protect young or emerging domestic industries from foreign competition.
Price and Profit Maintenance
Practices aimed at keeping prices at a certain level to ensure sustainable profits, often through agreements or monitoring.
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