CBSE BOARD X, asked by aashiporwalmodi, 1 year ago

what is liberization(any3points)

Answers

Answered by jasmine1108

Liberalisation also known as globalisation.
It is interlinking of different countries for various aspects like trade,commerce,education, marketing,pilgrimage,innovation,technical assistance etc..
In this process countries come together and exchange their ideas,thoughts,culture and even beliefs.
In liberalisation, country allow some freedom to another country for trade such as they could reduce tarrif barrier.
By doing so if other country is selling something at lower price it could benefit buyer country also
It enables to open door for any country to exchange some of their nice commodities.
It strenghten relationship b/w two countries as at time of need one country could help other country in place of being liberal...

aashiporwalmodi: I need in short dear..

aashiporwalmodi: but then also thank you so much

jasmine1108: in this a country remove restrictions frrom trading by other country. Country reduce tarrif barrier rates. Country reforms some of its earlier laws to give flexibility to trading county In it country often reduce tax at sea port.

jasmine1108: wlcm

Answered by malti010872

Hey there!!!

Here's the answer to your question...

=> Liberalisation means removing barriers or restrictions set by the government.

=> This means that goods could be imported and exported easily and also foreign companies could set up factories and offices in an country.

=> With liberalisation of trade, businesses are allowed to make decisions freely about what they wish to import or export.

=> The government imposes much less restrictions than before and is said to be more liberal.

Hope it helps!!!

Regards...

Mark it as brainliest if you found it useful...

Previous Question

Next Question