Advantages disadvantages import substitution
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#Advantages
1.We get new technology.
2.We get food at time of scarcity.
3.Better quality goods are available.
#Disadvantages
1.We get goods at high prices.
2.GDP of our country decreases.
3.It sometimes wastes our products.
1.We get new technology.
2.We get food at time of scarcity.
3.Better quality goods are available.
#Disadvantages
1.We get goods at high prices.
2.GDP of our country decreases.
3.It sometimes wastes our products.
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