What is economic liberalization ? What are its benefits
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The primary goals of economic liberalization are the free flow of capital between nations and the efficient allocation of resources and competitive advantages. This is usually done by reducing protectionist policies such as tariffs, trade laws, and other trade barriers.
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Economic liberalisation means minimising the government restrictions and regulations in
an economy in return of higher involvement of private organisations.
THE ADVANTAGES ARE :
1) Increase in foreign investment.
2) Increase in effeciency of domestic firms.
3) Rise in the rate of economic growth.
MARK BRAINALIEST ❤️❤️
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