Class 12 Exam > Class 12 Questions > Liberalisation meansa)Reduced government cont...
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Liberalisation means
- a)Reduced government controls and restrictions
- b)Policy of planned disinvestments
- c)Integration among economies
- d)None of them
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Liberalisation meansa)Reduced government controls and restrictionsb)Po...
Understanding Liberalisation
Liberalisation refers to the process of reducing government controls and restrictions in various sectors of the economy. It aims to create a more open and competitive environment for businesses and consumers. Here’s a detailed breakdown of why option 'A' is correct:
Reduced Government Controls and Restrictions
- Definition: Liberalisation primarily involves the removal or relaxation of government-imposed regulations that limit economic activities.
- Impact on Economy: By reducing restrictions, businesses can operate more freely, fostering innovation and efficiency. This often leads to increased investments and economic growth.
- Consumer Benefits: With fewer regulations, consumers enjoy a greater variety of goods and services at competitive prices, enhancing their purchasing power.
Other Options Explained
- Policy of Planned Disinvestments: This refers to a deliberate strategy where the government sells its stakes in public enterprises. While it might be a part of liberalisation, it is not synonymous with the concept itself.
- Integration Among Economies: Although related to globalisation, integration focuses on connecting economies through trade and investment. Liberalisation is more about domestic regulatory frameworks.
- None of Them: Clearly, this option does not apply as option 'A' accurately describes the essence of liberalisation.
Conclusion
In summary, liberalisation is fundamentally about reducing government interference in the economy, which leads to enhanced competition, innovation, and consumer choice. Understanding this concept is crucial for grasping broader economic policies and their implications.
Liberalisation refers to the process of reducing government controls and restrictions in various sectors of the economy. It aims to create a more open and competitive environment for businesses and consumers. Here’s a detailed breakdown of why option 'A' is correct:
Reduced Government Controls and Restrictions
- Definition: Liberalisation primarily involves the removal or relaxation of government-imposed regulations that limit economic activities.
- Impact on Economy: By reducing restrictions, businesses can operate more freely, fostering innovation and efficiency. This often leads to increased investments and economic growth.
- Consumer Benefits: With fewer regulations, consumers enjoy a greater variety of goods and services at competitive prices, enhancing their purchasing power.
Other Options Explained
- Policy of Planned Disinvestments: This refers to a deliberate strategy where the government sells its stakes in public enterprises. While it might be a part of liberalisation, it is not synonymous with the concept itself.
- Integration Among Economies: Although related to globalisation, integration focuses on connecting economies through trade and investment. Liberalisation is more about domestic regulatory frameworks.
- None of Them: Clearly, this option does not apply as option 'A' accurately describes the essence of liberalisation.
Conclusion
In summary, liberalisation is fundamentally about reducing government interference in the economy, which leads to enhanced competition, innovation, and consumer choice. Understanding this concept is crucial for grasping broader economic policies and their implications.
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Community Answer
Liberalisation meansa)Reduced government controls and restrictionsb)Po...
Liberalization means relaxation of various government restrictions in the areas of social and economic policies. Liberalizing trade policy by the government that is removal of tariff, subsidies and other restrictions on the flow of goods and services between countries is also termed as liberalization.
Liberalization is the result of New Industrial Policy which abolished the "License system". All industries except six major industries were liberalized. As a result industries grew rapidly and therefore liberalization also means deregulation and delicensing of industries.
Liberalization is the result of New Industrial Policy which abolished the "License system". All industries except six major industries were liberalized. As a result industries grew rapidly and therefore liberalization also means deregulation and delicensing of industries.
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Liberalisation meansa)Reduced government controls and restrictionsb)Policy of planned disinvestmentsc)Integration among economiesd)None of themCorrect answer is option 'A'. Can you explain this answer? for Class 12 2025 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Liberalisation meansa)Reduced government controls and restrictionsb)Policy of planned disinvestmentsc)Integration among economiesd)None of themCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 12 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Liberalisation meansa)Reduced government controls and restrictionsb)Policy of planned disinvestmentsc)Integration among economiesd)None of themCorrect answer is option 'A'. Can you explain this answer?.
Liberalisation meansa)Reduced government controls and restrictionsb)Policy of planned disinvestmentsc)Integration among economiesd)None of themCorrect answer is option 'A'. Can you explain this answer? for Class 12 2025 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Liberalisation meansa)Reduced government controls and restrictionsb)Policy of planned disinvestmentsc)Integration among economiesd)None of themCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 12 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Liberalisation meansa)Reduced government controls and restrictionsb)Policy of planned disinvestmentsc)Integration among economiesd)None of themCorrect answer is option 'A'. Can you explain this answer?.
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