BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Meaning of Librelaisation-Liberalisation means removal of entry an growth restrictions on the private sector. Objective of Liberalisation Policy: To increase competition amongst domestic industries. To encourage foreign trade with other countries with regulated import and export.

Detailed explanation-2: -1:Economic liberalization refers to those government policies which promote economic growth by opening up trade to international markets, extending the use of markets and lessening the restrictions and regulations placed on business.

Detailed explanation-3: -These barriers included tax laws, foreign investment restrictions, accounting regulations, and legal issues. Economic liberalisation reduced all these obstacles and waived a few restrictions over the control of the economy to the private sector.

Detailed explanation-4: -Privatisation: It is the general process of involving the private sector in the ownership or operation of a state-owned enterprise. Globalisation: It is a process associated with increasing openness, growing economic interdependence and deepening economic integration in the world economy.

Detailed explanation-5: -Trade liberalization is the removal or reduction of restrictions or barriers on the free exchange of goods between nations. These barriers include tariffs, such as duties and surcharges, and nontariff barriers, such as licensing rules and quotas.