Import substitution industrialization refers to?
ECONOMICS
JAMB 1999
Import substitution industrialization refers to?
- A. the concentration of industries for even regional development
- B. setting up of industries for even development
- C. a situation in which local industries are set up to produce goods formerly imported
- D. the banning of imports which are subtitutes for domestically produce goods
Correct Answer: C. a situation in which local industries are set up to produce goods formerly imported
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