Liberalisation

Liberalisation refers to the removal or reduction of barriers and restrictions imposed by the government on various sectors of the economy. It is a process that aims to promote economic freedom, competition, and efficiency. Liberalisation is often pursued as a means to stimulate economic growth and development by allowing market forces to operate more freely.

Breaking down the answer:

1. Privatisation:
Privatisation refers to the transfer of ownership and control of public sector enterprises to private individuals or entities. It involves the sale of government-owned assets, such as companies or industries, to private investors. Privatisation is not the correct answer to the given question because it specifically deals with the transfer of ownership rather than the removal of barriers or restrictions.

2. Globalisation:
Globalisation refers to the increasing interconnectedness and interdependence of countries through the exchange of goods, services, information, and ideas. It involves the integration of economies and societies on a global scale. While globalisation can lead to the removal of certain barriers, such as trade barriers, it is a broader concept that encompasses various aspects beyond the scope of the given question.

3. Liberalisation:
Liberalisation, as mentioned earlier, involves the removal or reduction of barriers and restrictions set by the government. It is aimed at creating a more open and competitive market environment. Liberalisation can take different forms, such as deregulation, trade liberalisation, financial sector liberalisation, and liberalisation of foreign investment rules. By removing barriers, liberalisation allows businesses to operate more freely and encourages competition, innovation, and efficiency in the economy.

4. Socialisation:
Socialisation refers to the process of acquiring social norms, values, and behaviors through interactions with others. It is not related to the removal of barriers or restrictions set by the government.

Therefore, the correct answer to the given question is option 'C' - liberalisation, as it specifically addresses the removal of barriers or restrictions imposed by the government.