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  5. Globalisation

10th Class Social Science Globalisation Question Bank Short Answer Type - Globalisation and the Indian Economy

  • question_answer
    What do you mean by liberalisation of foreign trade?              

    Answer:

    (i) Removing barriers or restrictions set by the government is known.
    liberalisation.                                                    
    (ii) With the liberalisation of trade, businesses are allowed to make decisions freely about what they wish to import or export.                     
    (iii) The government imposes lesser restrictions than before and is therefore said to be more liberal.


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