MELEK FLEURISME
Economics
Infant industry argument has industries that are brand new, at that period those industries
would struggle against the international competition. For instance, a new company come up with
a brand-new phone to the market. Due to the fact that Apple and Samsung are the prefer brand,
that new company would struggle to sell their new phone.
Protection against dumping is when a country has excess stock and sell below cost to the global
market which cause producers to become unprofitable. For instance, A company that has too
many item in its inventory decide to sell their products to the global market for below average
price. This will cause other companies to caught down on their price which is unprofitable.
Environmental is when natural reserves of raw materials are used to export products during
trade. For instance, companies that use trucks to trade products. These trucks need natural gas to
function. However, when on the road they release smoke that is dangerous for the environment.