Question

Briefly explain the following
(a) Liberalisation
(b) Privatisation
(c) Globalisation​

Answer 1

hey!

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(a) Liberalisation:-

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1. it's the economic reforms that were introduced aimed at liberalising the Indian business and industry from all unnecessary controls and restrictions. They signalled the end of the licence permit quota raj.

(b) Privatisation:-

1. The of privatisation aim at giving greater role to the private sector in the nation building process and a reduced role to the public sector.

(c) Globalisation:-

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1. Globalisation means the integration of the various economies of the world leading towards the emergence of a cohesive global economy.

hope help u!!!

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Answer 2

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✨LIBERALISATION

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Liberalization refers to laws or rules being liberalized, or relaxed, by a government. Liberalization came to the English language in 1835, from the word liberal.

✨PRIVATISATION

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Privatization describes the process by which a piece of property or business goes from being owned by the government to being privately owned. Note that privatization also describes the transition of a company from being publicly traded to becoming privately held. This is referred to as corporate privatization.

✨GLOBALISATION

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Globalization or globalisation is the process of interaction and integration among people, companies, and governments worldwide. Globalization has grown due to advances in transportation and communication technology. With the increased global interactions comes the growth of international trade, ideas, and culture.

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