What do you understand by ‘Economic liberalism’?
CBSE Class 10
CBSE Class 10 Social
2018-03-03 06:50:13 UTC
In the economic sphere, liberalism stood for the freedom of markets and the abolition of state- imposed restrictions on the movements of goods and capital.
In German-speaking regions during Napolean’s rule, there were 39 states, each of it possessed its own currency and weights and measures.
A merchant travelling from Hamburg to Nuremberg to sell his goods had to pass through 11 customs barriers and pay a customs duty of about 5 per cent at each one of them.