5
Question
Removing barriers or restrictions set by the government is known as ________ .
Removing barriers or restrictions set by the government is known as ________ .
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Solution
The correct option is B liberalization
1:Economic liberalization refers to
those government policies which promote economic growth by opening up trade to
international markets, extending the use of markets and lessening the
restrictions and regulations placed on business.
2:Economic
liberalization does not always come without its drawbacks. Domestic companies
may face difficulties in competing with foreign companies once the
international trade barriers are removed.
1:Economic liberalization refers to
those government policies which promote economic growth by opening up trade to
international markets, extending the use of markets and lessening the
restrictions and regulations placed on business.
2:Economic liberalization does not always come without its drawbacks. Domestic companies may face difficulties in competing with foreign companies once the international trade barriers are removed.
2:Economic liberalization does not always come without its drawbacks. Domestic companies may face difficulties in competing with foreign companies once the international trade barriers are removed.
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