What are the import substitution policies, Business Economics

Assignment Help:

What are the import substitution policies?

Import substitution policies are as follows:

  • Need trade restrictions for example, tariffs and quotas to defend infant industries.
  • Nonetheless protecting domestic industries through world-class competitors results into low productivity, inefficiency and high unit costs

• Consumers pay higher prices as well as suffer a loss of consumer surplus.

 


Related Discussions:- What are the import substitution policies

Is migration a problem, Is migration a problem? Huge scale rural-to-ur...

Is migration a problem? Huge scale rural-to-urban migration places a strain onto city economic systems. As like some examples of: • There is inadequate demand for labour to

Economies of scale, theory of economies of scale,dis-economies,intergration...

theory of economies of scale,dis-economies,intergration

Privitization, why do companies privitise? what is the objectives of privit...

why do companies privitise? what is the objectives of privitisation? what are the advantages and disadvantages of privitisation?

What is the capital-output ratio, What is the capital-output ratio? ...

What is the capital-output ratio? Capital-output ratio: This ratio (k) is the amount of capital required to produce £1 of Gross Domestic Product generated, every year.

Greatest minimum efficient scale, The values for the long-run ATC curves of...

The values for the long-run ATC curves of three different firms are listed in the table below: Quantity ATC 1 ATC 2 ATC 3

Less developed countries economies grow by primary sector, Can less develop...

Can less developed countries economies grow by developing its primary sector as agriculture? Less developed countries economies can grow by developing its primary sector as ag

Internal audit, Explain the essential distinction among the stages of growt...

Explain the essential distinction among the stages of growth theory of development, the theory of international-dependence in both its neo-marxist and false paradigm conceptualizat

Asking process functionality to system under development, As selling is an ...

As selling is an ‘asking process’, how you could use this to assist you sell some further functionality to a system under development? When we use the buying cycle like a guide

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd