Explain five advantages of trade liberalization

      

Explain five advantages of trade liberalization

  

Answers


John
Consumers get better quality goods and service at fair price due increased competition

Increase consumer choice due to access to a variety of goods from many parts of the world

Reduces incidences of corruption which comes with unnecessary government intervention to trade

Reduces incidences of shortage when countries can import goods from any other trading partner

There is efficient allocation of resources due to unrestricted mobility factor
johnmulu answered the question on October 23, 2017 at 05:58


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