advantages and disadvantages of indigenization
Answers
Explanation:
The main advantage of indigenization is that it creates opportunities for development of industries which in turn creates employment opportunities of the people. On the other hand the disadvantage is that is discourages any foreign investments on the country
Advantage of indigenization
The process of indigenization creates development of private industries in the country. It helps to bring in more revenue in the country
Indigenization leads to more employment opportunities for the people in the country
Indigenization leads to self reliance of the countries and more participation of the people in running the business
Disadvantage of indigenization
The problem with indigenization is that it discourages foreign control of an economy and foreign investments
The companies look maximize their profits due to which the cost of production becomes high
The process of indigenization leads to commercialization of the business and it brings down the standard of living of the people.