What is liberalisation ? Explain the advantages and disadvantages of liberalisation.
Answers
Answered by
22
liberalisation is the process in which government of the country reduced tariff barrier for the foreign trade.
Advantages:
1)The competition in company rises.Due to import of goods of better quality at cheaper rates causes the producer to develop.
2)Due to this many companies products at international levels are available easily in country of its own.
Disadvantages:
1)It prevents the profit of the producer as when the foreign traders trades at lower price it affects the real price of the producer in its own country and this effects development of the country.
2)Producer do not get proper freedom for selling their own product.
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Advantages:
1)The competition in company rises.Due to import of goods of better quality at cheaper rates causes the producer to develop.
2)Due to this many companies products at international levels are available easily in country of its own.
Disadvantages:
1)It prevents the profit of the producer as when the foreign traders trades at lower price it affects the real price of the producer in its own country and this effects development of the country.
2)Producer do not get proper freedom for selling their own product.
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Answered by
7
Answer:
Removing barriers or restrictions set by government is known as liberalisation.
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