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Critically compare the three dominant strategies of economic development: import substitution, export-led growth, and state socialism. What are the strengths and weaknesses of each strategy?
Manufacturing Capacity
The maximum amount of products a factory can produce over a specific period, taking into account the physical space, machinery, and labor available.
Quality Rate
An indicator or metric that measures the quality of products, services, or processes, often expressed as a percentage.
Machinery
Refers to the machines or the mechanical devices that are used in manufacturing or other industrial operations.
Global Reporting Initiative
An international organization that helps businesses and governments understand and communicate their impact on issues such as climate change, human rights, and corruption.
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