Question

what is the policy of liberalisation and how it affects the trade​

Answer 1

liberalisation is the process of removing trade barriers.

This helps in improving international trade.

it helps in the growth of multi national companies

it also increases gdp

it brings in advanced technology and improves quality of goods.

Answer 2

IN SIMPLE WORDS WE CAN SAY LIBERALISM MEANS IN ECONOMICS TO BREAK THE TRADE BARRIERS BETWEEN COUNTRIES AND TO TRADE INTERNATIONALLY PROMOTING GLOBALISATION.

NOW IT AFFECTS THE TRADE AS IT INCREASES COMPETITION AND QUALITY OF THE PRODUCTS WITH VARIETY.

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