Explain the Concept of Subsidies and How They Are Used,including

question 10

Essay

Explain the concept of subsidies and how they are used,including their disadvantages.In what ways does the protection of infant industries produce similar drawbacks?

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Definitions:

Length

A property or method used to determine the number of elements in an array or characters in a string.

Decimal Numbers

Numbers that contain a decimal point, dividing the integer part from the fractional part, used in arithmetic computations.

Float Type

A data type in programming that specifies a variable that can hold a real number with fractional precision.

Decimal Places

Refers to the number of digits to the right of the decimal point in a number. This is important in mathematics and when precision is required in calculations.