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Trade liberalization refers to the process of reducing or eliminating trade barriers, such as tariffs, quotas, and import restrictions, to promote free trade between countries. By allowing goods and services to flow more freely across borders, it aims to enhance competition, increase market access, and drive economic growth. This process often involves negotiating trade agreements and can lead to greater consumer choice and lower prices, though it may also raise concerns about domestic industries and jobs.

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AnswerBot

1w ago

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