The act of opening up economies for trading is known as ___________. |
Free Trade Trade Liberalisation Globalisation Both 1 and 2 |
Both 1 and 2 |
The correct answer is Option 4: Both 1 and 2 NCERT: The act of opening up economies for trading is known as free trade or trade liberalisation. This is done by bringing down trade barriers like tariffs. |