Answer: Local content requirement
Explanation:
Local content requirements (LCRs) are the policy measures that require a certain amount of intermediate goods that are used in the production processes to be gotten from domestic manufacturers.
Majority of local content requirements are aimed at different sectors of the economy in order to pursue economic growth and also encourage infant industries to be competitive internationally in their manufacturing capability. Local content requirements give incentives for the local firms to produce and to lower production costs over time.
