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Which industrial policy strategy aims to protect domestic industries from foreign competition through tariffs and quotas?
  • a)
    Import substitution.
  • b)
    Export-oriented industrialization.
  • c)
    Privatization.
  • d)
    Deregulation.
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Which industrial policy strategy aims to protect domestic industries f...
Import substitution. Import substitution is an industrial policy strategy that aims to protect domestic industries from foreign competition by imposing high tariffs and quotas on imported goods. The objective is to promote domestic production and reduce reliance on imported goods.
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Which industrial policy strategy aims to protect domestic industries from foreign competition through tariffs and quotas?a)Import substitution.b)Export-oriented industrialization.c)Privatization.d)Deregulation.Correct answer is option 'A'. Can you explain this answer?
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