Social Sciences, asked by stunteraadi, 1 year ago

What is liberalisation describe any four effects of liberalisation on the indian economy?

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Answered by manigmamansiMk

Liberalism refers to removal of trade barriers like import tax etc by the government to enable free flow and exchange of goods.
The four effects liberalisation carries are:
1. It enables the local producers to compete with the world market
2. Pressurises the local markets and producers to enhance their quality of production to be in the market.
3.Brings in multibrands into the country hence enabling more choice of goods for the consumers.

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Answered by nimbarkvimal1234

removing of the trade barriers which were earlier imposed by the government is known as liberalisation.
effects:-
1.) the local producers were able to send their goods to other countries and generated a certain amount of income.
2.) the producers now worked hard and produced beeter quality and quantity.
3.) consumers had a wide variety of choices for a single product.
4.) along with goods and services, new technology and machines also moved one country to another. this helped in producing more in less time and thus added to the national income.

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