Question

Type the correct answer in the box. Spell the word correctly. In the 1800s, European nations looked to control other countries in part to expand trade networks and establish global military bases. This policy was known as . Reset Next

Answer 1

liberalization

Liberalization trade policy is the opposite to protectionism. The aim of this policy is to boost the economical trade with other countries. International trade under this policy affects prices as they decrease as a result of the imports made from countries were the production of those products is cheaper.