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Objectives of Mkt trade policy class 12 humanities political science chapter 1 in shock therapy ncert notes easy language?
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Objectives of Market Trade Policy in Shock Therapy
To understand the objectives of market trade policy in the context of shock therapy, we need to look at the following key points:

Promote Economic Growth
- One of the main objectives of market trade policy in shock therapy is to promote economic growth by opening up markets and encouraging competition. This can lead to increased efficiency, productivity, and innovation in the economy.

Attract Foreign Investment
- Another objective is to attract foreign investment by creating a more favorable environment for business. This can help boost economic development and create more job opportunities for the local population.

Reduce Trade Barriers
- Market trade policy aims to reduce trade barriers such as tariffs and quotas in order to facilitate the flow of goods and services across borders. This can lead to increased trade, which can benefit both domestic producers and consumers.

Improve Competitiveness
- By promoting market-oriented policies, the objective is to improve the competitiveness of domestic industries. This can help them adapt to global market trends and become more efficient in the long run.

Enhance Consumer Welfare
- Market trade policy also aims to enhance consumer welfare by providing them with a wider range of choices and better quality products at competitive prices. This can improve living standards and overall well-being.
In conclusion, the objectives of market trade policy in shock therapy are aimed at promoting economic growth, attracting foreign investment, reducing trade barriers, improving competitiveness, and enhancing consumer welfare. These objectives are essential for achieving sustainable development and prosperity in a globalized world.
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Objectives of Mkt trade policy class 12 humanities political science chapter 1 in shock therapy ncert notes easy language?
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