BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Integration among economies
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reduced government control and restriction
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policy of planned disinvestments.
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providing greater role to private sector.
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Detailed explanation-1: -Liberalisation means removing all unnecessary controls and restrictions like permits, licences, quotas, etc. imposed by the government.
Detailed explanation-2: -Liberalisation means: Reduced government controls and restrictions. Suggest Corrections. 0.
Detailed explanation-3: -liberalization, the loosening of government controls. Although sometimes associated with the relaxation of laws relating to social matters such as abortion and divorce, liberalization is most often used as an economic term. In particular, it refers to reductions in restrictions on international trade and capital.
Detailed explanation-4: -Liberalization refers to end of licence, quota and many more restrictions and control that were put on many industries.
Detailed explanation-5: -The following are the two main objectives of Liberalisation: To boost international foreign investment, industrial production, and technology competitiveness. To increase the position of Indian goods in the international markets.