Import substitution industries
From Wikipedia, the free encyclopedia
| It has been suggested that this article or section be merged into Import substitution. (Discuss) |
Import substitution industries are industries created by the common people of a region that find imports expensive, and form their own companies to make those same imported products on their native soil. This decreases the price enabling it to be bought by poorer peoples.
It is an industry economic geographers call import-substitution industries

