Question

what is import substitution?​

Answer 1

Heya!!!

Here's your answer dude:-

Import substitution industrialization 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. 

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Answer 2

Import substitution

Explanation:

• Import substitution is the policy of trade aimed to promote economic growth by putting a restriction on the Imports that are comparatively competed for the domestic products.
• Import substitution can also be seen as the strategy of the economy for increasing employment opportunities for the domestic market by reducing the Import from the other country to promote our domestic product.

Learn more: Import substitution

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