In which situation is economic liberalism most clearly visible?
Answer and explanation
Correct answer: Barriers on the movement of goods, capital, and people are reduced
Economic liberalism means reducing restrictions that obstruct production, exchange, investment, and movement. When barriers on goods, capital, and people are lowered, markets become more integrated and individuals can participate more freely in economic activity. Hence option A is correct. Border taxes, separate currencies, and aristocratic control create economic fragmentation or privilege, so options B, C, and D do not express liberalism.
Frequently asked questions
What is the correct answer to this question?
Barriers on the movement of goods, capital, and people are reduced
Why is this the correct answer?
Economic liberalism means reducing restrictions that obstruct production, exchange, investment, and movement. When barriers on goods, capital, and people are lowered, markets become more integrated and individuals can participate more freely in economic activity. Hence option A is correct. Border taxes, separate currencies, and aristocratic control create economic fragmentation or privilege, so options B, C, and D do not express liberalism.
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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