Economics · Economic Reforms
In the context of economic reforms, what does 'liberalization' mean?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The restriction of foreign trade to protect domestic industries
- 2The complete takeover of private corporations by the state
- 3The imposition of strict price controls on essential commodities
- 4The removal or relaxation of government controls and regulations on economic activities✓
Correct answer
The removal or relaxation of government controls and regulations on economic activities
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