Read the case given below and answer the questions given at the end.

CASE STUDY - 1
In his famous Report on Manufactures (1791), Alexander Hamilton proposed to encourage the growth of manufacturing by protecting youthful industries from foreign competition. According to this doctrine, which received the cautious support of freetrade economists like John Stuart Mill and Alfred Marshall, there are lines of production in which a country could have a comparative advantage if only they could get started.

Questions:
1. What exactly do you understand by the term 'infant industry'?
2. Analyse the infant industry argument for tariffs. What is its relation to comparative advantage?
3. In this age of liberalization and free trade, does the argument of infant industry protection have any relevance? Is it possible for the governments to adopt policy measures to support infant industries?