व्हाट डू यू अंडरस्टैंड बाय लिबरलाइजेशन आफ फॉरेन ट्रेड
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Removing barriers or restrictions set by the government is known as liberalisation.
. With the liberalisation of trade, businesses are allowed to make decisions freely about what they wish to import or export.
. The government imposes lesser restrictions than before and is therefore, said to be more liberal.
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