Which of the following reduces both growth and equity?

Question

Quizplus · Accepted Answer

ISI, or Import Substitution Industrialization, involves a strategy of developing domestic industries to produce goods that were previously imported. While this may promote local industry and reduce reliance on foreign products, it can also lead to inefficiencies and lack of competition, reducing overall economic growth. Additionally, ISI may not benefit all sectors of society equally, potentially exacerbating income inequality and reducing equity.

Which of the Following Reduces Both Growth and Equity