Question

characteristics of liberlisation​

Answer 1

Answer:

The characteristics of liberalization contain some strong benefits that help in the growth of companies. Firstly, it encourages economic growth of private sector companies. Also, it simplifies the regulation, policy, and tax structure. Liberalization facilitates Foreign Direct Investment, which also forces public sector companies to restructure themselves for efficiency. In addition, it provides motivation for export and allows more imports of capital goods and technology. Besides, it moves away from the protection of small scale industries.

Explanation:

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Answer 2

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Liberalization

It refers to the end of that restriction which is a barrier that stops or slows the growth of a nation. Also, it loosens the government control over the private sector companies. So, private companies can work with fewer restrictions. In addition, they get the chance for growth and expansion.

Concept of Liberalization

The concept of liberalization is introduced in the early 1990s in India. At that time powerful changes happen in Indian economic structure. In addition, most of the international companies that work in India are from that time. With the start of liberalization, many companies face serious competition for the first time. Also, companies that monopolize the market at that time start getting competition.

Characteristics of Liberalization

The characteristics of liberalization contain some strong benefits that help in the growth of companies. Firstly, it encourages economic growth of private sector companies. Also, it simplifies the regulation, policy, and tax structure. Liberalization facilitates Foreign Direct Investment, which also forces public sector companies to restructure themselves for efficiency. In addition, it provides motivation for export and allows more imports of capital goods and technology. Besides, it moves away from the protection of small scale industries.

Implementation of Liberalization

Removing barriers of trade reduces the rate of goods purchased. Also, it removes barriers and quotas between countries. It benefits the stronger economies. Besides, the implementation of liberalization can cost jobs.