Question

hy♥️. guys. what do you mean by liberalization​

Answer 1

Answer:

Liberalization, the loosening of government controls. Although sometimes associated with the relaxation of laws relating to social matters such as abortion and divorce, liberalization is most often used as an economic term. In particular, it refers to reductions in restrictions on international trade and capital. Liberalization is often treated as synonymous with deregulation—that is, the removal of state restrictions on business. In principle the two are distinct (in that liberalized markets can still be subject to government regulations—for example, to protect consumers), but in practice both terms are generally used to refer to the freeing of markets from state intervention.

Answer 2

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Liberalization is the practice of making laws, systems or opinions less severe.

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