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How entrepreneurship leads to import substitution and utilization of local resources?

Explain how entrepreneurship can lead to import substitution and utilization of resources


How enterpreneurship lead to import substitution and utilization to local resources?

Entrepreneurship can lead to import substitution by creating products and services locally that were previously imported. By utilizing local resources, entrepreneurs can create innovative solutions that reduce the dependency on foreign imports. This can help boost the local economy, create jobs, and contribute to sustainable development.


What is import substitution industrialisatoin?

what are the main criticism of import substitution industrialisation


Difference between export promotion and import substitution?

what is d difference between import substitution and export promotion


What is export promotion and import substitution?

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.


Disadvantages and advantages of import substitution?

gererate employment


Types of trade policy?

import substitution(impex) and export promotion(exim)


When the Australian economy was based on import-substitution manufacturing?

protectionist policies were emphasized


Does Canada has an abundance of natural resources?

They import those resources from other countries.


What would be one effect of import substitution on the balance of trade of a country?

What would be one effect of import substition on the balance of trade of a country


What are ways the government can reduce its imports?

One way is by imposing tariffs


When the Australian economy was based on import- substitution manufacturing?

protectionist policies were emphasized