WAEC Economics 2015 Theory — Question 11

Question 11 of 22 from the West African Examinations Council (WAEC) Economics 2015 Theory paper, with the correct answer and a full explanation.

5(a). What are infant industries?

Model answer

Infant industries are new (young) industries that are in the early stage of their development and which may not yet be able to compete with well-established (older) firms/industries, whether domestic or foreign.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Economics 2015 Theory More Economics past papers