Economics · Economic Reforms
Which of the following describes 'liberalization' in an economy?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Removal of barriers or restrictions set by the government✓
- 2A hike in customs duty on imported goods
- 3Raising the prices of essential goods for consumers
- 4Creating new opportunities exclusively for public sector companies over the private sector
Correct answer
Removal of barriers or restrictions set by the government
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