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1. ______ refers to relaxation of produce government restriction usually in areas of social and economic polices:
- a)Privatisation
- b)Globalisation
- c)Disinvestment
- d)Liberalisation
Correct answer is option 'D'. Can you explain this answer?
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1. ______ refers to relaxation of produce government restriction usual...
The relaxation of government restrictions in areas of social of economic policy is known as liberalization. It refers to the process of eliminating unnecessary conntrols and restrictions on the smooth functioning of business enterprise.
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1. ______ refers to relaxation of produce government restriction usual...
Liberalisation
Liberalisation refers to the relaxation of government restrictions usually in areas of social and economic policies. It involves reducing the role of the government in regulating markets and allowing greater participation of private players in the economy. It is a process that aims to promote economic growth, reduce poverty, and increase competition by removing barriers to trade and investment.
The process of liberalisation involves the following:
1. Deregulation: This involves removing government regulations and restrictions on businesses and industries.
2. Privatisation: This involves the transfer of ownership and control of state-owned enterprises to the private sector.
3. Trade liberalisation: This involves the removal of tariffs and other barriers to trade to promote free trade between countries.
4. Financial liberalisation: This involves the removal of restrictions on financial markets and the opening up of the financial sector to foreign investors.
5. Investment liberalisation: This involves the removal of restrictions on foreign investment to promote foreign direct investment.
Liberalisation has been a key component of globalisation and has been adopted by many countries around the world. The aim is to create a more open, competitive, and efficient economy that can attract foreign investment and promote economic growth. However, liberalisation can also have negative consequences, such as increased inequality and environmental degradation, and therefore needs to be implemented carefully and with appropriate safeguards in place.
Liberalisation refers to the relaxation of government restrictions usually in areas of social and economic policies. It involves reducing the role of the government in regulating markets and allowing greater participation of private players in the economy. It is a process that aims to promote economic growth, reduce poverty, and increase competition by removing barriers to trade and investment.
The process of liberalisation involves the following:
1. Deregulation: This involves removing government regulations and restrictions on businesses and industries.
2. Privatisation: This involves the transfer of ownership and control of state-owned enterprises to the private sector.
3. Trade liberalisation: This involves the removal of tariffs and other barriers to trade to promote free trade between countries.
4. Financial liberalisation: This involves the removal of restrictions on financial markets and the opening up of the financial sector to foreign investors.
5. Investment liberalisation: This involves the removal of restrictions on foreign investment to promote foreign direct investment.
Liberalisation has been a key component of globalisation and has been adopted by many countries around the world. The aim is to create a more open, competitive, and efficient economy that can attract foreign investment and promote economic growth. However, liberalisation can also have negative consequences, such as increased inequality and environmental degradation, and therefore needs to be implemented carefully and with appropriate safeguards in place.
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1. ______ refers to relaxation of produce government restriction usually in areas of social and economic polices:a)Privatisationb)Globalisationc)Disinvestmentd)LiberalisationCorrect answer is option 'D'. Can you explain this answer?
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