If an idea says that state-imposed restrictions on markets should be removed, what does it match?
Answer and explanation
Correct answer: Economic liberalism
Economic liberalism is the governing concept in this question. It supports freedom of trade, movement of goods and competition, so it opposes unnecessary state restrictions and internal customs barriers. Removing such barriers could create a wider common market. Option A is therefore correct. Feudal protectionism generally preserves local privileges and barriers, while absolute monarchy and birth-based aristocracy describe political hierarchy rather than the policy of market freedom.
Frequently asked questions
What is the correct answer to this question?
Economic liberalism
Why is this the correct answer?
Economic liberalism is the governing concept in this question. It supports freedom of trade, movement of goods and competition, so it opposes unnecessary state restrictions and internal customs barriers. Removing such barriers could create a wider common market. Option A is therefore correct. Feudal protectionism generally preserves local privileges and barriers, while absolute monarchy and birth-based aristocracy describe political hierarchy rather than the policy of market freedom.
Which subject and chapter does this question cover?
This is a Class 10 Social Science question. Chapter: The Age of Industrialisation. Topic: The Making of Nationalism in Europe (Aristocracy, New Middle Class, Liberal Nationalism).
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