Question

What is the process of liberalizing import laws and taxes called

• A. Privatization
• B. Globalization
• C. Liberalization
• D. Nationalization

Answer 1

Answer:

C. Liberalization

• The process of liberalizing import laws and taxes is called Liberalization.

• This is an important economic concept where a country reduces restrictions on imports by lowering import tariffs and relaxing trade barriers to promote international trade and economic growth