Question

Advantages and disadvantages of liberalisation​

Answer 1

Answer:

Advantages of Liberalisation

Liberalization - liberalisation increases the foreign investment thus increases the foreign reserve which would be helpful for imports of important goods. It increases the efficiency of private firms due to increased competition. It increases the economic growth rate.

Disadvantages of Liberalisation :-

1. Increase in unemployment.

2. Loss to domestic unit.

3. Increased dependence on foreign nation.

4. Unbalanced development of sectors.

Answer 2

Answer:

advantages and disadvantages of liberalisation.