What was the importance of free markets in the economic meaning of liberalism?
Answer and explanation
Correct answer: They made the movement of goods and capital easier.
Economic liberalism supported freedom of markets, trade and investment. In a market with fewer internal restrictions, goods could be sold across regions and capital could move towards productive activities more easily. Therefore, free markets encouraged wider trade and economic integration. Option B is opposite to liberal policy, option C is unrelated, and option D concerns political rights rather than economic liberalism.
Frequently asked questions
What is the correct answer to this question?
They made the movement of goods and capital easier.
Why is this the correct answer?
Economic liberalism supported freedom of markets, trade and investment. In a market with fewer internal restrictions, goods could be sold across regions and capital could move towards productive activities more easily. Therefore, free markets encouraged wider trade and economic integration. Option B is opposite to liberal policy, option C is unrelated, and option D concerns political rights rather than economic 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).
Student feedback
Was this question useful?
👍 0 Helpful 👎 0 Not helpful
Yes 0% No 0%
0 responsesStudent Reviews
No published reviews yet.
