Question

State any two benefits of liberalisation of trade in india

Answer 1

Answer:

Free trades increase competition and customer get benefits and lower prices

Also greater use of technology is transferred one country to another country

Answer 2

Answer:

Explanation:

Trade liberalization removes barriers to trade among countries such as tariffs and quotas. Removing barriers to trade reduces the cost of goods sold in importing countries. Trade liberalization can benefit stronger economies because weaker economies may lack competitive advantages