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JAMB Economics 2011 Question 36

Question 36

Industrialisation

The import-substitution strategy of industrialization is to encourage

  1. A.domestic production
  2. B.large-scale production
  3. C.importation
  4. D.exportation.
Show the answer and explanation

Answer: A (domestic production)

Explanation

Import substitution means setting up local factories to make goods the country used to import, so it encourages domestic production.