Economics · Economic Reforms
What does 'liberalisation' primarily refer to in the context of economic reforms?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Imposing stricter trade tariffs and quotas on foreign goods
- 2Promoting state-funded welfare subsidies across all sectors
- 3Nationalising private commercial banks and heavy industries
- 4Reducing government controls and restrictions on economic activities✓
Correct answer
Reducing government controls and restrictions on economic activities
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