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Manufacturing
The process of converting raw materials or components into finished goods using tools, human labor, machinery, and chemical processing.
Export Promotion
A government strategy aimed at encouraging local producers to sell their goods and services abroad.
Import Substitution
An economic policy that aims to replace foreign imports with domestic production, often through the use of tariffs, quotas, and other trade barriers.
Economic Growth
An increase in the production of goods and services in an economy over a period, typically measured by the rise in real GDP.
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