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Social Science Clinic => Economics => Microeconomics => Topic started by: DyllonKazuo on Jul 21, 2019

Title: Explain the concept of "learning by doing" with respect to infant industry protection.
Post by: DyllonKazuo on Jul 21, 2019
Explain the concept of "learning by doing" with respect to infant industry protection.
Title: Explain the concept of "learning by doing" with respect to infant industry protection.
Post by: Dominic on Jul 21, 2019
Learning by doing refers to the knowledge and skills that workers gain during production. These skills and knowledge increase productivity and lower costs. Infant industries, those which are at an early stage of development, can benefit from learning by doing by becoming more productive and cost efficient, and in doing so become more competitive in the world market.