Question

what do you understand by liberalisation of foreign trade give any two benefit of adopting liberalisation of trade in investment policy​

Answer 1

Answer:

Economic liberalisation means reducing government interference in economic activities and removing trade and business barriers.

Liberalisation of trade and investment policies helped the globalisation process in the following ways :

(a) Businesses are free to make decisions for foreign import and export.

(b) Foreign companies could easily set up factories and industries in a country after

liberalisation.

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111a

Answer 2

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 advantages can be : Liberalization : Increased freedom, Increased level of autonomy in running a business, ease of doing business, easy & swift start of an enterprise, startup, Growth in economic activity & in turn increased per capita income, increase in the rate of job creation.

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