Trade liberalisation
What Trade liberalisation means in Economics B A-Level, as defined for Pearson Edexcel.
Definitions of Trade liberalisation
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Check what you remember
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Reference: Pearson Edexcel
The removal or reduction of barriers to international trade, such as tariffs and quotas, allowing goods and services to flow more freely between countries.
The removal or reduction of barriers to international exchange, such as tariffs, quotas, and complex regulations.
Topics that use Trade liberalisation
- Trade and growth (Pearson Edexcel A-Level)
Related terms
- Comparative advantage
- Economic growth
- Economic vulnerability
- Foreign direct investment (FDI)
- International trade
- Resource allocation
- Structural unemployment
- Tariffs
Using Trade liberalisation in the exam
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