Import substitution policy is used to

a

protect local industries

b

check government expenditure

c

correct the balance of payments problem

d

encourage increased volume of trade

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Correct Option
c

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Vansilva
6 years ago

Import substitution industrialization (ISI) is a trade and economic policy which advocates replacing foreign imports with domestic production. ISI is based on the premise that a country should attempt to reduce its foreign dependency through the local production of industrialized products
Pls i thought the answer is A

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