Countries often use local content regulations to determine the proportion of the product that must be made in the local market versus made outside of the local market in order to ________.

Question

Quizplus · Accepted Answer

Local content regulations are used by countries to favor domestic companies and encourage economic growth within their own borders. They require a certain percentage of a product to be made locally, giving a competitive advantage to companies operating within the country.

Countries Often Use Local Content Regulations to Determine the Proportion