explain the concept of economic liberalism which developed in europe in the 18th century ????
Answers
Answer:Liberalism is different concept for different people
In political liberalism, it is equivalence in the law. In which Men without property, and all women were excluded from political rights. So through out the 19th century, people demanded the equal rights
The economic liberalism stood for freedom of markets and the abolition of state-imposed restrictions on the movement of goods and capital. The Union abolished tariff barriers and reduced the number of currencies from thirty to two.
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Answer:
(i) in the economic sphere, liberalism stood for the freedom of markets and the abolition of state-imposed restrictions on the movement of goods and capital.
(ii) the system also favoured abolition of multiple currency system.
(iii) the system also supported common weight or measurement system.
(iv) creation of unified economic territory.
Explanation: