Import substitution policy was based on which lesson of colonial experience?
Answer and explanation
Correct answer: Dependence on foreign industries can create economic weakness
Import substitution was a policy of domestic industry and self reliance. For exams write both benefits and limits.
Frequently asked questions
What is the correct answer to this question?
Dependence on foreign industries can create economic weakness
Why is this the correct answer?
Import substitution was a policy of domestic industry and self reliance. For exams write both benefits and limits.
Which subject and chapter does this question cover?
This is a Class 10 General Knowledge question. Chapter: World History. Topic: Colonization and Decolonization.
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