Economics · Economic Policies
Which of the following is the main objective or advantage of an import substitution policy?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It automatically ensures the optimum global allocation of resources.
- 2It helps the nation achieve economic self-reliance.✓
- 3It assists consumers by providing them with unlimited international options.
- 4It directly makes indigenous industries highly competitive globally from the start.
Correct answer
It helps the nation achieve economic self-reliance.
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