BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Liberalisation
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Privatisation
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Liberalisation and Privatisation
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Globalisation
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Detailed explanation-1: -Globalisation is free flow of goods, services, capital, labour and .
Detailed explanation-2: -In business, the term is used in an economic context to describe integrated economies marked by free trade, the free flow of capital among countries and easy access to foreign resources, including labor markets, to maximize returns and benefit for the common good.
Detailed explanation-3: -Liberalisation: Liberalisation of the economy means its freedom from direct or physical controls imposed by the government. Privatisation: It is the general process of involving the private sector in the ownership or operation of a state-owned enterprise.
Detailed explanation-4: -Meaning. Globalization refers to the integration of the local economy with the world economy through cross border flow of trade, technology, idea, manpower and capital. Liberalization is the easing of government controls and restrictions for the ease of doing business.