Question

Advantage and disadvantages of liberalisation in detail

Answer 1

Answer:

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.

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