What was meant by freedom of markets in liberalism?
Answer and explanation
Correct answer: Free movement of goods and capital
Economic liberalism supported freedom of markets, meaning that internal trade should face fewer barriers such as restrictive tolls, and goods and capital should move more freely. Therefore option A is correct. Banning traders, increasing taxes at every border or reserving trade for the king would restrict markets and contradict the liberal demand for economic freedom and open exchange.
Frequently asked questions
What is the correct answer to this question?
Free movement of goods and capital
Why is this the correct answer?
Economic liberalism supported freedom of markets, meaning that internal trade should face fewer barriers such as restrictive tolls, and goods and capital should move more freely. Therefore option A is correct. Banning traders, increasing taxes at every border or reserving trade for the king would restrict markets and contradict the liberal demand for economic freedom and open exchange.
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).
