Industries That Are Just Emerging and May Require Protection from International

question 17

Essay

Industries that are just emerging and may require protection from international competition during their development phase are called _________________.

Gather, organize, and critically evaluate information for business reports.

Understand the necessity of reports in business and how report types and frequency vary based on job roles and organizational context.

Maintain consistency in report formatting through understanding of parallelism and heading structures.

Utilize various division strategies effectively based on the nature of the report content.

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Definitions:

Common Resource

A resource that is available to all, but which can become depleted if overused, such as air, water, or public land.

Marginal Benefit

The added value or utility one experiences by consuming one more unit of a good or service.

Marginal Social Benefit

The extra advantage to the community from creating or using an additional unit of a product or service.

Marginal Social Cost

The total cost society bears for the production of an additional unit of a good or service, including private and external costs.