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What is meant by liberalisation?

Asked by Topperlearning User 5th June 2015, 10:05 AM
Answered by Expert

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 Expert 5th June 2015, 12:05 PM
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