Import substitution industrialization refers to?

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: Option C
Explanation
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