Import substitution as a strategy of industrialization is...
Import substitution as a strategy of industrialization is the
Replacement of locally produced goods with imported ones
Development of locally produced goods with imported ones
Establishment of firms to process imported raw materials
Act of using local inputs to produce goods for export
Correct answer is B
Import substitution as a strategy of industrialization is a trade policy that advocates for the replacement of foreign imported goods with locally made goods.
The survival of partnership depends on ...
The following are advantages of standard deviation EXCEPT that it ...
The term of trade often measured by the ratio of the index of export ...
In the short-run, the monopoly makes______ ...
An appropriate industrialization strategy in an under-populated country is ...
Transcationary motive implies, holding money ...
The determination of wages in a labour market depends on the______ ...