Import substitution is the process of developing local industries to manufacture goods to
A) replace imports.
B) import.
C) replace exports.
D) export.

Name: Import substitution is the process of developing local industries to manufacture goods to A) replace imports. B) import. C) replace exports. D) export.
Brand: Quizplus
Rating: 4.8 (40 reviews)

Question

Quizplus · Accepted Answer

Import substitution is aimed at developing local industries to produce goods domestically that would otherwise be imported, reducing reliance on foreign products.

Import Substitution Is the Process of Developing Local Industries to Manufacture