Question

What are the advantages and disadvantages of liberalization? Explain.To the level of undergraduate level student.

Answer 1

HERE'S YOUR ANSWER MATE-

Advantages If Liberalisation - :

• Inward investment
• lower prices : reduction of tariff barriers.
• reduction / elimination of quotas
• elimination or reduction of non-tarrif barriers.
• increased competition .

Disadvantages Of Liberalisation - :

• structural unemployment
• infant industry argument

this is the answer of the level of an undergraduate student. .

answer by - katyayni121 ♡

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