Definition of Liberalisation and globalisation
Answers
Answered by
1
Answer:
In the frame of liberalisation, it is economic globalisation that is the most important. Domestic companies set up manufacturing, marketing, servicing cells in other countries, thereby linking these economies. It is made possible by liberalisation. It also includes greater import-export of goods
Explanation:
Answered by
1
Answer:
LPG stands for Liberalization, Privatization and Globalization.
* Liberalization means removal of all kind of restriction like licensing, quota system to start a business easily.
* Privatization means govt sold part of the public property to private sectors,
* Globalization means Indian economy was opened for the world market.
Hope this helps. Thank you
Similar questions