ICSE Class 9 Answered
What is
meant by liberalisation?
Asked by Topperlearning User | 05 Jun, 2015, 10:05: AM
Expert Answer
When the government removes various restrictions and barriers such as taxes on import, it is called liberlisation. The process of liberalising trade and industry from unwanted government controls and restrictions results in an increase in the import and export of goods and commodities.
Answered by | 05 Jun, 2015, 12:05: PM