Choose the given statement is true/false:

Liberalisation gives a lot of freedom to producers.

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True

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answer is A.

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Detailed Solution

The given statement is true.
With the liberalisation of trade, producers can decide where they want to import or export their goods and where they want to produce their goods. It gives liberty to the sellers. The government imposes many fewer restrictions than before and is said to be liberal. It enables the producers to plan out their most cost-effective and efficient locations to produce and sell without worrying about import taxes, quotes, and other hurdles. Businesses can now expand their goods and services beyond territories and find a cost-effective way to produce what works best for them. They no longer have to worry about local laws and taxes since they can manufacture and sell their products anywhere in the world.

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