one of the instruments of protection of infants industries is the

One of the instruments of protection of infant industries is a tariff. A tariff is a tax imposed on imported goods to make them more expensive and less competitive with domestically produced goods. This is done to protect the domestic industries, including those which are still in their infancy, from being outcompeted by foreign firms. By increasing the price of imported goods, a tariff makes it easier for domestic industries to compete, thus allowing them to grow and develop without being driven out of business by foreign competition. Therefore, tariffs are commonly used as a form of protectionist trade policy, especially in developing economies that have relatively young and small industries.