______ 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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______ 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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______ refers to relaxation of produce government restriction usually ...

Liberalisation refers to the relaxation of government restrictions, typically in the areas of social and economic policies. This process involves reducing or eliminating barriers to business operations, such as trade tariffs, government monopolies, and regulations, to foster a more open and competitive marketplace. Liberalisation is aimed at encouraging free trade, attracting foreign investment, and promoting overall economic growth by increasing the efficiency and competitiveness of the business environment.

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Read the passage given below and answer the questions that follows:While everything may not be known about the economic facets of globalisation, this particular dimension shapes a large part of the content and direction of contemporary debates surrounding globalisation. A part of the problem has to do with defining economic globalisation itself. The mention of economic globalisation draws our attention immediately to the role of international institutions like the IMF and the WTO and the role they play in determining economic policies across the world. Yet, globalisation must not be viewed in such narrow terms. Economic globalisation involves many actors other than these international institutions. A much broader way of understanding of economic globalisation requires us to look at the distribution of economic gains, i.e. who gets the most from globalisation and who gets less, indeed who loses from it. What is often called economic globalisation usually involves greater economic flows among different countries of the world. Some of this is voluntary and some forced by international institutions and powerful countries. As we saw in the examples at the beginning of this chapter, this flow or exchange can take various forms: commodities, capital, people and ideas. Globalisation has involved greater trade in commodities across the globe; the restrictions imposed by different countries on allowing the imports of other countries have been reduced. Similarly, the restrictions on movement of capital across countries have also been reduced. In operational terms, it means that investors in the rich countries can invest their money in countries other than their own, including developing countries, where they might get better returns.Q. Where does economic globalisation draw our attention to?

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The shift of Nike factory from Japan in 1960 to India in the 1990s is an example of

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Read the passage given below and answer the questions that follows:While everything may not be known about the economic facets of globalisation, this particular dimension shapes a large part of the content and direction of contemporary debates surrounding globalisation. A part of the problem has to do with defining economic globalisation itself. The mention of economic globalisation draws our attention immediately to the role of international institutions like the IMF and the WTO and the role they play in determining economic policies across the world. Yet, globalisation must not be viewed in such narrow terms. Economic globalisation involves many actors other than these international institutions. A much broader way of understanding of economic globalisation requires us to look at the distribution of economic gains, i.e. who gets the most from globalisation and who gets less, indeed who loses from it. What is often called economic globalisation usually involves greater economic flows among different countries of the world. Some of this is voluntary and some forced by international institutions and powerful countries. As we saw in the examples at the beginning of this chapter, this flow or exchange can take various forms: commodities, capital, people and ideas. Globalisation has involved greater trade in commodities across the globe; the restrictions imposed by different countries on allowing the imports of other countries have been reduced. Similarly, the restrictions on movement of capital across countries have also been reduced. In operational terms, it means that investors in the rich countries can invest their money in countries other than their own, including developing countries, where they might get better returns.Q. In terms of trade, what is the impact of globalisation?

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Liberalisation means

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One of the economic reforms that was introduced in 1991 led to freedom in deciding the scale of business activities as well as freedom in fixing the prices of goods and services. Identify the economic reforms.

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______ 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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