Commerce Exam > Commerce 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?
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Verified 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.
Most Upvoted Answer
Liberalisation meansa)Reduced government controls and restrictionsb)Po...
Liberalisation refers to the process of reducing government controls and restrictions on economic activities. It is a significant policy shift from a centrally planned economy to a free-market economy. The purpose of liberalisation is to stimulate economic growth and development by allowing market forces to operate freely.
Benefits of liberalisation:
1. Encourages competition: Liberalisation encourages competition among businesses, which results in better quality products and services at lower prices.
2. Promotes innovation: With fewer government regulations, businesses are free to innovate and create new products and services.
3. Increases foreign investment: Liberalisation attracts foreign investment by reducing barriers to entry, which leads to increased economic growth and development.
4. Creates employment opportunities: Liberalisation creates employment opportunities by encouraging businesses to expand and invest in new technologies and products.
5. Improves economic efficiency: Liberalisation improves economic efficiency by allowing resources to flow to the most productive uses, which leads to higher levels of output and economic growth.
Conclusion:
In summary, liberalisation is a policy that aims to reduce government controls and restrictions on economic activities to stimulate economic growth and development. It encourages competition, promotes innovation, attracts foreign investment, creates employment opportunities, and improves economic efficiency.
Benefits of liberalisation:
1. Encourages competition: Liberalisation encourages competition among businesses, which results in better quality products and services at lower prices.
2. Promotes innovation: With fewer government regulations, businesses are free to innovate and create new products and services.
3. Increases foreign investment: Liberalisation attracts foreign investment by reducing barriers to entry, which leads to increased economic growth and development.
4. Creates employment opportunities: Liberalisation creates employment opportunities by encouraging businesses to expand and invest in new technologies and products.
5. Improves economic efficiency: Liberalisation improves economic efficiency by allowing resources to flow to the most productive uses, which leads to higher levels of output and economic growth.
Conclusion:
In summary, liberalisation is a policy that aims to reduce government controls and restrictions on economic activities to stimulate economic growth and development. It encourages competition, promotes innovation, attracts foreign investment, creates employment opportunities, and improves economic efficiency.
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Community Answer
Liberalisation meansa)Reduced government controls and restrictionsb)Po...
Liberalisation means laws and rules relaxed by government...So correct answer is A
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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?
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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 Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce 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 Commerce 2024 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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