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Import substitution is the process of developing local industries to manufacture goods to
Intragroup Transactions
Transactions that take place between entities within the same group or company, often requiring elimination for consolidated financial reporting.
Profit
The financial gain that is derived from the difference between the amount earned from goods sold or services provided and the cost of production or providing these services.
Consolidation Adjustment
A process in financial accounting where adjustments are made to present a group of companies as a single economic entity in consolidated financial statements.
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