Question

what is import substitution?​

Answer 1

Answer:

Import substitution means to dependant on domestic goods in easy words self reliance

or restrictions on importing goods to achieve self reliance are called.import substitution.

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Answer 2

Answer:

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..

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