Examlex
Which of the following cannot be associated with the emergence of international empires after 1500 B.C.?
Import Substitution
An economic policy aimed at replacing foreign imports with domestic production to promote local industries.
Foreign Competition
Competition that domestic companies face from companies located in other countries, influencing markets, pricing, and innovation.
Trade Restrictions
Measures such as tariffs, quotas, and embargoes that countries impose to control the amount of trade across their borders.
Import-Substitution Policy
An economic strategy aimed at reducing dependence on imported goods by promoting domestic production of similar products.
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