👉 The term "pre-induced" is used in the context of economics and finance, particularly in the study of capital formation. It refers to the process by which a new firm or industry emerges from an existing one through the creation of its own investment base, often through the acquisition of assets or through the sale of existing firms. In pre-induced economies, the initial stage is characterized by a period of rapid growth and expansion, with firms investing heavily in capital assets such as machinery, buildings, and
