Choose the given statement is true/false:

Liberalisation facilitates foreign trade.

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True

False

answer is A.

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Detailed Solution

The given statement is true.
Liberalisation is removing obstacles or limitations put in place by the government. Because of trade liberalisation, businesses can now choose what they want to import or export—restrictions placed by the government. Companies can establish factories in emerging nations where policies favouring trade and investment liberalisation are implemented, which has accelerated the trend of globalisation. The free market, or the free movement of labour, capital, and goods, was made possible by liberalising trade and investment rules. It facilitates exchange and the integration of world economies, thus aiding in the progress of globalisation.

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