Commerce Exam > Commerce Videos > Economics Class 12 > Liberalisation and its Industrial Policy
Liberalisation and its Industrial Policy Video Lecture | Economics Class 12 - Commerce
|
64 videos|315 docs|50 tests
|
FAQs on Liberalisation and its Industrial Policy Video Lecture - Economics Class 12 - Commerce
| 1. What is liberalization and how does it relate to industrial policy? |  |
Ans. Liberalization refers to the process of reducing government regulations and restrictions in a particular industry or sector. In the context of industrial policy, liberalization involves opening up markets, removing trade barriers, and promoting competition. It aims to create a more open and competitive environment for businesses, both domestic and foreign, to thrive.
| 2. What are the main goals of liberalization in industrial policy? | |
Ans. The main goals of liberalization in industrial policy are to stimulate economic growth, attract foreign investment, enhance competitiveness, and increase efficiency in the industrial sector. By reducing barriers to entry and promoting competition, liberalization aims to create a level playing field for businesses, encourage innovation and technological advancements, and ultimately drive economic development.
| 3. How does liberalization impact domestic industries and businesses? | |
Ans. Liberalization can have both positive and negative impacts on domestic industries and businesses. On one hand, it can expose them to increased competition, which may lead to challenges for less competitive or inefficient firms. On the other hand, liberalization can also provide opportunities for domestic industries to expand their markets, access new technologies and resources, and improve their competitiveness through exposure to international best practices.
| 4. What are the potential benefits of liberalization in industrial policy for consumers? | |
Ans. Liberalization in industrial policy can benefit consumers in several ways. Firstly, it can lead to greater choice and variety of products and services, as domestic and foreign businesses compete to attract customers. Secondly, liberalization can result in lower prices due to increased competition and efficiency gains. Lastly, it can drive improvements in product quality and customer service as businesses strive to differentiate themselves in the market.
| 5. Are there any risks or challenges associated with liberalization in industrial policy? | |
Ans. Yes, there are risks and challenges associated with liberalization in industrial policy. One of the key risks is the potential for market concentration and the emergence of monopolies or oligopolies, which can limit competition and harm consumers. Additionally, liberalization can lead to job losses in industries that are unable to adapt to increased competition. It may also create social inequalities if certain regions or sectors benefit more than others. Proper regulatory frameworks and policies are necessary to address these risks and ensure a balanced and inclusive approach to liberalization.
Related Exams
About this Video
|
1.1K Views |
|
4.72/5 Rating |
|
Nov 21, 2024 Last updated |
Video Description: Liberalisation and its Industrial Policy for Commerce 2024 is part of Economics Class 12 preparation.
The notes and questions for Liberalisation and its Industrial Policy have been prepared according to the Commerce exam syllabus.
Information about Liberalisation and its Industrial Policy covers all important topics for Commerce 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Liberalisation and its Industrial Policy.
Introduction of Liberalisation and its Industrial Policy in English is available as part of our Economics Class 12 for Commerce & Liberalisation and its Industrial Policy in
Hindi for Economics Class 12 course. Download more important topics related with notes, lectures and mock test series for
Commerce Exam by signing up for free.
Description
Video Lecture & Questions for Liberalisation and its Industrial Policy Video Lecture | Economics Class 12 - Commerce - Commerce full syllabus preparation | Free video for Commerce exam to prepare for Economics Class 12.
Information about Liberalisation and its Industrial Policy
Here you can find the meaning of Liberalisation and its Industrial Policy defined & explained in the simplest way possible.
Besides explaining types of Liberalisation and its Industrial Policy theory, EduRev gives you an ample number of questions to practice Liberalisation and its Industrial Policy tests,
examples and also practice Commerce tests.
|
64 videos|315 docs|50 tests
|
|
Explore Courses for Commerce exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
mock tests for examination
,Summary
,past year papers
,Sample Paper
,Semester Notes
,video lectures
,shortcuts and tricks
,Exam
,Liberalisation and its Industrial Policy Video Lecture | Economics Class 12 - Commerce
,Important questions
,Liberalisation and its Industrial Policy Video Lecture | Economics Class 12 - Commerce
,ppt
,Objective type Questions
,MCQs
,Viva Questions
,study material
,Previous Year Questions with Solutions
,practice quizzes
,Extra Questions
,Liberalisation and its Industrial Policy Video Lecture | Economics Class 12 - Commerce
,Free
;
Study Liberalisation and its Industrial Policy on the App
Students of Commerce can study Liberalisation and its Industrial Policy alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Liberalisation and its Industrial Policy,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Liberalisation and its Industrial Policy is prepared as per the latest Commerce syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup