,what is liberalisation describe four effects

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,what is liberalisation describe four effects

Posted by Sarbani Paul 6 years ago

CBSE > Class 10 > Social Science

2 answers

Yogita Ingle 6 years ago

REMOVING barriers or restrictions set by the government is known as liberalisation.

Liberalisation of foreign trade raises volume of trade.
It will attract foreign investments which industry will prosper.
Surplus production of each country will be exported and required cheaper goods will be imported.
Foreign trade is considered to be an engine of economic growth of the country. It integrates an economy to a global village.
Liberalisation has resulted in more choice for the consumers. Now they get better quality and at lower prices products.
Liberalisation makes imports and exports easier. It promotes the Indian economy.

0Thank You

Kavitha Karthikeyan 6 years ago

Removing barriers and restructions on trade is liberalisation.

0Thank You

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