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Which lesson from colonial experience was behind import substitution policy?

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Answer and explanation

Correct answer: Dependence on foreign industries can create economic weakness

Import substitution was an attempt to increase domestic industry and self reliance. For exams write both benefits and limits.

Related tags

Import-SubstitutionSelf-RelianceColonial-Experience

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 an attempt to increase 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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