____ Because it has not been around long enough to establish itself, the Russian automobile industry could be classified as a(n)

a. hopeless industry
b. soft industry
c. instant industry
d. protected industry
e. toddler industry

Answer :

Answer:

c. infant industry

Explanation:

Infant Industry -

In terms of economics ,

The industry which is in its initial stage of development is referred to as infant industry.

It is the newly or freshly established industry in the ongoing competitive world .

These industries have lack of experience and are new with all the aspects of competition in the market .

Hence, from the given information of the question.

The correct term is infant industry.

Other Questions