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Match the Person or Term with the with the Correct

question 39

Multiple Choice

Match the person or term with the with the correct description.
-Pocahontas


Definitions:

Import Substitution

An economic strategy aimed at reducing dependency on imported goods by encouraging the development of local industries.

Local Industries

Businesses and manufacturing operations that are based within a specific geographic area and often cater to the economic needs of the local population.

Market Development

The expansion of a market through the identification and penetration of new market segments or geographic areas.

Microfinance

A type of financial service provided to unemployed or low-income individuals or groups who otherwise lack access to traditional banking services.

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