Basic features of liberalization privatization and globalization
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Heya friend....
See here for your answer....
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√ This terms were introduced in India in 1991 under the new economic policy concept called LPG policies...
√ Liberalisation ...It is the withdrawal of the physical restrictions from the private enterprises by the government...
√ Privatization... It is the ownership of private sector in the public sector owned resources....
√ Globalization.... It is the integration of our economy with the economies of other countries in the way of trade or other....
√ These concepts give a rise to the Indian economy as they introduced modern technologies and inducement to invest by the private owners...
√ These also leads to consumer sorveginity and to high foreign investment in our country...
-- Be Brainly...
See here for your answer....
=======================
√ This terms were introduced in India in 1991 under the new economic policy concept called LPG policies...
√ Liberalisation ...It is the withdrawal of the physical restrictions from the private enterprises by the government...
√ Privatization... It is the ownership of private sector in the public sector owned resources....
√ Globalization.... It is the integration of our economy with the economies of other countries in the way of trade or other....
√ These concepts give a rise to the Indian economy as they introduced modern technologies and inducement to invest by the private owners...
√ These also leads to consumer sorveginity and to high foreign investment in our country...
-- Be Brainly...
Answered by
0
i Freedom of opening/starting production units. (ii) Use of new machines and technology. (iii) No government interference in production. (iv) Free flow of foreign investment
hope it helps you
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