Question

1)globalisation cannot success without liberalisation how?
2)International trade is the measure of any country's economic wealth explain

Answer 1

1) Globalisation cannot success without liberalisation because as we need our Indian economy more expanded and to create more profit we need some restrictions and barriers amended by government to be removed.
Globalisation means integrating the economy of the country with the economy of other countries under condition of free flow of trade, capital and movement of people from one place to another.


2) The term 'trade' refer to exchange of goods and services. When trade takes place across the country, it's international trade.

Here are some Importance of International Trade :

1) International Trade enables the fuller utilization of resources. Underdeveloped countries are not in a position to use their mineral resources, so they export their raw materials to developed countries where the same are needed the most.


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