Define the following terms (a) Outsourcing `" "` (b) Quota

Question

Define the following terms (a) Outsourcing `" "` (b) Quota

Define the following terms
(a) Outsourcing `" "` (b) Quota

Monjur Alahi

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2025-01-04 04:42

1 Answers

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What is Outsourcing:

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Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

Correct Answer - a
Import Substitution : The policy aimed at replacing or substituting imports with domestic production by protecting the domestic industries from foreign competition is known as Import Substitution.
b) Quota : Quantitative restrictions on imports for the protection of the domestic firms from foreign competition. Under this quantity of goods which can be imported is specified by the state.