Asked by
Nicole White
on Nov 05, 2024Verified
Policies designed to promote import substitution often encouraged labor-intensive production methods, which encouraged the creation of jobs.
Import Substitution
A policy aimed at encouraging domestic production of goods that were previously imported.
Labor-intensive Production
A production process that relies more heavily on human labor than on technology or machinery, often characteristic of industries that require skilled workers.
- Evaluate the impact of government policies on economic development and growth.
Verified Answer
JL
Learning Objectives
- Evaluate the impact of government policies on economic development and growth.
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