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What is Trade liberalisation
Trade liberalisation is the removal of barriers to trade. This has mainly taken the form of restrictions created by national governments like quotas, tariffs and bureaucratic regulations designed to protect domestic producers from lower-priced international competition. The GATT trade rounds and World Trade Organization that was created in 1994 have tried to establish international free trade and liberalise markets in order to raise competition and improve economic efficiency.
Minimum wage laws are common in many countries. The debate over minimum wage includes claims about the impact of this action on employment levels and wage levels. What impact does
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Usually the government is very good at wasting money and resources so less spending, by the government helps the economy as those resources are allocated in areas that are more wel
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