Which statement correctly describes economic liberalism in nineteenth-century Europe?
Answer and explanation
Correct answer: It supported the free movement of goods and capital
The governing concept is economic liberalism, which sought to remove artificial barriers to exchange and expand markets. It supported the freer movement of goods, capital, and economic activity, while opposing numerous internal customs barriers and restrictive controls. Option A is correct. Options B and C favour isolation, and option D rejects industry and markets, all of which conflict with liberal economic policy.
Frequently asked questions
What is the correct answer to this question?
It supported the free movement of goods and capital
Why is this the correct answer?
The governing concept is economic liberalism, which sought to remove artificial barriers to exchange and expand markets. It supported the freer movement of goods, capital, and economic activity, while opposing numerous internal customs barriers and restrictive controls. Option A is correct. Options B and C favour isolation, and option D rejects industry and markets, all of which conflict with liberal economic policy.
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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