1. Advantages of Economic liberalisation
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Lower prices. The removal of tariff barriers can lead to lower prices for consumers. ...
Increased competition. Trade liberalisation means firms will face greater competition from abroad. ...
Economies of scale. ...
Inward investment. ...
More advantages of free trade.
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Advantages of Trade Liberalisation
❥Lower prices. The removal of tariff barriers can lead to lower prices for consumers.
❥Increased competition. Trade liberalisation means firms will face greater competition from abroad.
❥Economies of scale.
❥Inward investment.
❥More advantages of free trade.
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