Local firms can help in reducing unemployment in a countr...
Local firms can help in reducing unemployment in a country when
Land acquisition becomes centralized
Imports of substitutes are reduced
Waste in the firm is eliminated
Subsidies to firms are decreased
Correct answer is B
Import substitution is a trade and economic policy which advocates replacing foreign imports with domestic production, it is based on the premise that a country should attempt to reduce its foreign dependency through the local production of industrialized products.
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