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,what is liberalisation describe four effects |
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Answer» REMOVING barriers or restrictions set by the government is known as liberalisation.\tLiberalisation of foreign trade raises volume of trade.\tIt will attract foreign investments which industry will prosper.\tSurplus production of each country will be exported and required cheaper goods will be imported.\tForeign trade is considered to be an engine of economic growth of the country. It integrates an economy to a global village.\tLiberalisation has resulted in more choice for the consumers. Now they get better quality and at lower prices products.\tLiberalisation makes imports and exports easier. It promotes the Indian economy. Removing barriers and restructions on trade is liberalisation. |
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