Name the five major terrain features: 1. ____________________ 2. ____________________ 3. ____________________ 4. ____________________ 5.
The government's provision of incentives motivates the private sector's expansion in a relatively new market setting. This government intervention helps latecomers to the market have ample opportunities to succeed in the face of high entry costs and existing competition. Through this role, the government ensures that the market risks are low enough to the point where the private sector will invest. These accommodations at the beginning of each industry's life cycle were meant to give industries across the board a solid foundation. Essentially, the nurturing of these so-called infant industries prepares them for entering into a self-sustaining market.