The present invention relates to a method for producing a liquid composition for oral cavity in which β-glycyrrhetinic acid is stably dispersed or dissolved to exhibit an increased transparency and which also can ensure a sufficient amount of β-glycyrrhetinic acid adsorbed on gingiva, even if the amount of a cationic surfactant or an anionic surfactant is restricted; and such a liquid composition for oral cavity. Specifically, the present invention relates to a method for producing a liquid composition for oral cavity, comprising the following step 1 to step 4: (Step 1) a step of blending water (F) with an organic acid and a salt thereof (E) to adjust the pH of a resultant mixture to 5 or more and 6.8 or less, (Step 2) a step of blending 0.02% by mass or more and 0.1% by mass or less of cetylpyridinium chloride (B) into the mixture, (Step 3) a step of blending 0.02% by mass or more and 0.1% by mass or less of β-glycyrrhetinic acid (A) and 2% by mass or more and 10% by mass or less of propylene glycol (C) into the mixture, and (Step 4) a step of blending 0.45% by mass or more and 1.1% by mass or less of polyoxyethylene hydrogenated castor oil (D) into the mixture, wherein the component (A) and the component (B) are blended at a specific mass ratio, and these steps are carried out in a specific order.