An industry in its early stages of development is called an ________ industry.*1 pointinfant industryyoung industrydeveloping industrysubsidized industry

The correct answer to fill in the blank is infant industry.

An "infant industry" refers to a new industry that is just being established and is not yet competitive on a global scale. Often, these industries require some level of protection or support from their government to survive and grow, as they typically face high start-up costs, limited market presence, and competition from more established businesses. This term is often used in economic discussions regarding trade, regulation, and government support, as it highlights the challenges faced by new industries in gaining a foothold in a market dominated by established players. The other options such as "young industry," "developing industry," and "subsidized industry," while they may seem relevant, do not accurately capture the essence of an industry that is in the initial stages of its lifecycle like the term "infant industry" does.