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What is one of the main benefits of import substitution industrialization?
  • a)
    It increases a country's reliance on foreign exports.
  • b)
    It reduces the economic growth of a country.
  • c)
    It promotes international trade and cooperation.
  • d)
    It helps build a country's own economy and create jobs.
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
What is one of the main benefits of import substitution industrializat...
One of the main benefits of import substitution industrialization (ISI) is that it helps build a country's own economy and create jobs. By focusing on domestic production of products instead of relying on imports, countries can become more self-sufficient and less dependent on outside states' finished products. This not only strengthens the domestic economy but also provides opportunities for job creation. ISI aims to promote industrialization and economic growth within the country.
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What is one of the main benefits of import substitution industrialization?a)It increases a country's reliance on foreign exports.b)It reduces the economic growth of a country.c)It promotes international trade and cooperation.d)It helps build a country's own economy and create jobs.Correct answer is option 'D'. Can you explain this answer?
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What is one of the main benefits of import substitution industrialization?a)It increases a country's reliance on foreign exports.b)It reduces the economic growth of a country.c)It promotes international trade and cooperation.d)It helps build a country's own economy and create jobs.Correct answer is option 'D'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is one of the main benefits of import substitution industrialization?a)It increases a country's reliance on foreign exports.b)It reduces the economic growth of a country.c)It promotes international trade and cooperation.d)It helps build a country's own economy and create jobs.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is one of the main benefits of import substitution industrialization?a)It increases a country's reliance on foreign exports.b)It reduces the economic growth of a country.c)It promotes international trade and cooperation.d)It helps build a country's own economy and create jobs.Correct answer is option 'D'. Can you explain this answer?.
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