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import substitution

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development

development  

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Synonymous with ontogeny which is concerned with the history of the individual from conception to death, and with the roles of genetics, maturation and learning in shaping the animal's life history.
infant-industry argument

infant-industry argument  

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An economic argument in favor of temporary trade restrictions or production subsidies in order to protect fledgling industries from international competition. In many cases, industries require ...
substitution

substitution  

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The switching of consumption from one good or service to another in response to a change in the ratio of prices. Holding utility constant, the elasticity of substitution between two goods or services ...

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