The trade policy which advocates domestic production of goods in order to reduce foreign-dependence is called:

Import Quota

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Import Tariff

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Import Substitution

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Import Duty

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Solution

The correct option is C
Import Substitution

Import Substitution is a trade policy which advocates domestic production of goods in order to reduce foreign-dependence.

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Similar questions

The trade policy which advocates domestic production of goods in order to reduce foreign-dependence is called:

The trade and economic policy of replacing foreign imports with domestic production is called ___ industrialisation.

Explain how import substitution can protect domestic industry?

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