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Import substitution as a strategy of industrialization is the ____________

Import substitution as a strategy of industrialization is the ____________
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Replacement of locally produced goods with imported ones
  • B Development of locally produced goods with imported ones
  • C Establishment of firms to process imported raw materials
  • D Act of using local inputs to produce goods for export
Correct Answer: Option B
Explanation:
Import substitution as a strategy of industrialization is a trade policy that advocates for the replacement of foreign imported goods with locally made goods.

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