Which of the following is true about import substitution? it

Import substitution is a strategy used by countries to reduce their dependence on imports by producing goods domestically that were previously imported. The strategy aims to boost domestic production, create employment opportunities and increase self-sufficiency. Therefore, option C is correct - import substitution enables a country to curtail importation. It does not necessarily improve on importation or increase exportation, but it may lead to an increase in exports if domestic industries become more competitive and can produce goods for export.