Infant industries denote industries which?

Infant industries denote industries that are too young to compete in the world market. These industries are typically in the early stages of development and have not yet achieved the economies of scale, technological sophistication, and managerial expertise required to compete effectively with established industries in developed countries. As a result, infant industries may face significant challenges, such as high production costs, limited access to capital, and difficulty in acquiring technology and expertise. These challenges can make it difficult for them to compete with established industries in developed countries that benefit from economies of scale, access to capital, and technological sophistication. To support the growth and development of infant industries, some countries may implement protectionist measures, such as tariffs and subsidies, to shield them from competition and give them time to mature. The idea is that by providing these industries with time to develop, they will eventually become more competitive and be able to compete effectively in the global market. Overall, infant industries refer to industries that are too young to compete effectively in the global market and may require support and protection from the government to achieve maturity and competitiveness.