Question

what do you understand by liberalisation?1 mark answer​

Answer 1

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.

Answer 2

Answer:

Removing barriers or restrictions set by the government is known as liberalisation. The government imposes lesser restrictions than before and is therefore, said to be more liberal.

Explanation:

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