Q. 45.0( 1 Vote )

Assess the aspect

Answer :

Trade liberalization is the process of importing and exporting goods from other countries without any barriers or minimum barriers. But because of this trade liberalization, there are both negative as well as positive aspects.

Positive aspects

• All the good quality products will be available at cheaper rates for the consumers.

• Transport and communication system develops very fast because of the trade and new technology can be adopted from the developed countries.

Negative aspects

• The infant industries in the domestic country will face severe competition and they will be wiped out from the market.

• The price of the commodities will go high if the domestic industries are wiped out of the market.

Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
view all courses

‘‘Every January aGeography - Board Papers

Explain the ‘voluGeography - Board Papers

State the major pGeography - Board Papers

Explain one reasoGeography - Board Papers

“The Suez and theGeography - Board Papers

How the favourablGeography - Board Papers

Assess the aspectGeography - Board Papers