domestic production
Local manufacturing activity
Domestic production refers to goods manufactured or services rendered within a country's own borders, as opposed to imports: The policy aimed to boost domestic production of semiconductors.
The term appears frequently in economic and trade discussions, where it often carries nationalistic overtones about self-sufficiency and reducing dependence on foreign supply chains.
- GDPNational output abbreviation
- manufacturingIndustrial product creation
- factory floorManufacturing workspace area
- assembly lineSequential workstation manufacturing
- employmentPaid occupation status
raw materials · agriculture · national economy · import tariffs · wages · small business · skilled labor · protectionism · construction · blue collar · rust belt · job creation · onshoring · import substitution · self-sufficiency · economic nationalism · buy local · workforce development
- economic policymonetary policy, tax policy, fiscal discipline, fiscal stimulus, fiscal restraint
- input-output economicsvalue added, industry sectors
- protectionismprotectionism, trade barriers, tariffs, import quotas, trade restrictions
- trade policytariff, free trade, quotas, protectionism, sanctions
- textilescotton, wool, silk, fabric, thread
- economicssupply and demand, inflation, GDP, GNP, gross national product
domestic productionfree trade
Unrestricted international exchange
global trade · economic globalization · open markets · international trade · global supply chains