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gererate employment
what is d difference between import substitution and export promotion
export promotion is exporting morn than import when production is more there is more export to other states and countries . import substitution means substituting import from one place to other.
protectionist policies were emphasized
import substitution(impex) and export promotion(exim)
gererate employment
what are the main criticism of import substitution industrialisation
what is d difference between import substitution and export promotion
export promotion is exporting morn than import when production is more there is more export to other states and countries . import substitution means substituting import from one place to other.
Explain how entrepreneurship can lead to import substitution and utilization of resources
True
protectionist policies were emphasized
import substitution(impex) and export promotion(exim)
disadvantages - 1. You need Import, Export license for this. 2. You have to cleared shipment with customs,
If done properly there are no disadvantages.
What would be one effect of import substition on the balance of trade of a country
One way is by imposing tariffs