р
Lib
24 000
A
36000
44000
28000
44000
52 000
Economics
liberalisation means freedom of
A, B
and C are farmers having profite
and the ratio of 1:3:5. On Ist March 2015
there Balance sheet ayas as follows:
Anout
Capital
bosh
18ooo
Bull Rec"
furniture
132000
Islock
creditors
64000 pestors
Bills Payable
32000 Investment
( (4000 machinery
20090
15,42,000
2,42,060
Theey adult o into paalnership on the
by
at 98,000
Ciri goodwill to be valued at 24000
Go outstangling tent anount 1800.
cuil is to bring I 2,000 towards his
Capital for the share.
32000
34000
Goodwill
filloning i
Answers
Proponents of trade liberalization, however, claim that it ultimately lowers consumer costs, increases efficiency, and fosters economic growth. Protectionism, the opposite of trade liberalization, is characterized by strict barriers and market regulation. The outcome of trade liberalization and the resulting integration among countries is known as globalization.
Advantages and Disadvantages of Trade Liberalization
Trade liberalization promotes free trade, which allows countries to trade goods without regulatory barriers or their associated costs. This reduced regulation decreases costs for countries that trade with other nations and may, ultimately, result in lower consumer prices because imports are subject to lower fees and competition is likely to increase.