In contrast to the international trade approach, the self-sufficiency approach to development
A) begins when an elite group initiates innovative activities.
B) attempts to result in uneven resource development. and market correction indices.
C) suffers from market stagnation.
D) attempts to spread investment through all sectors of the economy.
E) attempts to identify appropriate developmental stages.

Question

Quizplus · Accepted Answer

The self-sufficiency approach to development attempts to spread investment through all sectors of the economy, as opposed to focusing on international trade. This allows for the development of multiple industries and markets, reducing the risk of market stagnation and uneven resource development. The approach also aims to identify appropriate developmental stages for each sector, ensuring sustainable growth.

In Contrast to the International Trade Approach, the Self-Sufficiency Approach