Import substitution as a strategy of industrialization is the 

a

replacement of locally produced goods with imported ones

b

development of locally produced goods with imported ones

c

establishment of firms to process imported raw materials

d

act of using local inputs to produce goods for export

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Explanation

Correct Option
b

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Discussions (2)

Semooretj
4 years ago

With the explanation given, the answer should be A

morefundzz
1 year ago

My school option B is incorrect. development of locally produced goods with imported ones denotes that there must be presence of the imported goods to be used to develop locally produced goods. Option D is the most suitable but the answer is not there.

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