Advantage and disadvantages of liberalisation
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Advantages of Liberalisation :-
1. Increase in foreign investment.
2. Increase in efficiency of domestic firms. 3. Rise in the rate of economic growth.
4. Control of price.
Disadvantages of Liberalisation :-
1. Increase in unemployment.
2. Loss to domestic unit.
3. Increased dependence on foreign nation. 4. Unbalanced development of sectors.
1. Increase in foreign investment.
2. Increase in efficiency of domestic firms. 3. Rise in the rate of economic growth.
4. Control of price.
Disadvantages of Liberalisation :-
1. Increase in unemployment.
2. Loss to domestic unit.
3. Increased dependence on foreign nation. 4. Unbalanced development of sectors.
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