asked 190k views
5 votes
What is trade liberalisation??
From business subject

asked
User Sovon
by
8.2k points

1 Answer

3 votes
Trade liberalization refers to the removal or reduction of government-imposed restrictions on the import and export of goods and services. This can include tariffs, quotas, and other barriers to trade. The goal of trade liberalization is to increase economic efficiency and growth by allowing countries to specialize in the production of goods and services in which they have a comparative advantage, and to access a wider range of goods and services from other countries.
answered
User Shmeeps
by
7.7k points

Related questions

1 answer
5 votes
17.0k views
asked Dec 12, 2020 201k views
Khush asked Dec 12, 2020
by Khush
8.6k points
1 answer
2 votes
201k views
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.