Secondary IV • 1yr.
Example of Economic Liberalism and Free trade
Example of Economic Liberalism and Free trade
Explanation from Alloprof
This Explanation was submitted by a member of the Alloprof team.
Good evening AdorablePumpkin! :)
First, here’s a quick reminder: Economic liberalism believes that the state should intervene minimally in the economy and trade. Economic liberalism is directly opposed to protectionism.
Free trade is an economic policy aimed at eliminating all trade barriers between countries that have signed an agreement.
An example of free trade and economic liberalism would be the abolition of customs tariffs between Canada and the United States under the Reciprocity Treaty of 1854.
I hope this helps! :)
Let us know if you have any other questions! :)
Marilee