Removing barriers or restrictions set by the government is known as ____.

see full answer

Your Exam Success, Personally Taken Care Of

1:1 expert mentors customize learning to your strength and weaknesses – so you score higher in school , IIT JEE and NEET entrance exams.

An Intiative by Sri Chaitanya

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

NEET

Foundation JEE

Foundation NEET

CBSE

Detailed Solution

Removing barriers or restrictions set by the government is known as Liberalisation. Liberalisation of trade and investment policies helped the globalisation process, such as:
1)      After the Liberalisation of trade, business people can freely decide what they want to import or export.
2)      Companies from other countries can set up their plants in developing countries where the Liberalisation of trade and investment is undertaken, leading to a rise in globalisation. Like MNCs (Multinational Companies)
3)      Liberalisation in trade and investment policies facilitates a free market, i.e. free movement of labour, capital and goods.
4)      More goods, services, investments and technology are moving between the countries.

Watch 3-min video & get full concept clarity