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What do you understand by libralisation …

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What do you understand by libralisation of foreign trade? (in 3 marks )

Posted by Kianaat Shoheb 6 years, 10 months ago

Yogita Ingle 6 years, 10 months ago

Removing barriers or restrictions set by the government is known as liberalisation.
With the liberalisation of trade, businesses are allowed to make decisions freely about what they wish to import or export.
The government imposes lesser restrictions than before and is therefore, said to be more liberal.

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