What was the economic meaning of liberalism?
Answer and explanation
Correct answer: Freedom of markets and free movement of goods
The correct answer is A. Economic liberalism meant reducing internal trade barriers and allowing goods, and in many contexts capital, to move more freely across markets. This encouraged wider trade and economic integration. More restrictions, closing factories, or reserving trade for the king would reduce competition and movement rather than promote liberal economic principles. Thus A captures the intended meaning.
Frequently asked questions
What is the correct answer to this question?
Freedom of markets and free movement of goods
Why is this the correct answer?
The correct answer is A. Economic liberalism meant reducing internal trade barriers and allowing goods, and in many contexts capital, to move more freely across markets. This encouraged wider trade and economic integration. More restrictions, closing factories, or reserving trade for the king would reduce competition and movement rather than promote liberal economic principles. Thus A captures the intended meaning.
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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