Unit 6.2.5 - Reasons for protectionThis section of the Cambridge IGCSE Economics (0455) syllabus requires students to understand the reasons for protection, including (i) infant industry, (ii) declining industry, (iii) strategic industry, and (iv) avoidance of dumping.An infant industry is any business or sector in its early stages of development and not yet fully established in the market to be able to compete without...