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Import substitution advocates replacing foreign imports with local production. It helps in stimulating economic growth: producing product locally might be cheaper as compared to importing them, and also it leads to development of industries which creates jobs for locals.
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∙ 9y ago
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What does the slope of the indifference curve reveal?
marginal rate of substitution
What is a term that is as the substitution of a pleasant word or phrase for a more direct one?
A+ Students: euphemism
Importance of trial balance?
importance of trial balance importance of trial balance
Importance of shares?
What is the importance of shares?
Import liberation program?
The import liberation program is an application that allows files to be easily decoded and shared in a liberal format. This means that such files will not have complex restrictions.
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
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?
True
When the Australian economy was based on import-substitution manufacturing?
protectionist policies were emphasized
Types of trade policy?
import substitution(impex) and export promotion(exim)
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
How import substitution can protect domestic industry?
when i get the ans i'll let u know all
