Question

Enlist the disadvantages or demerits of Economic Liberalization​

Answer 1

Explanation:

1. Increase Dependency :- As results in increase in foreign trade , nation goes dependence in technology , Material etc . If any breakdown happened it can cause loss to the industry or business.

Answer 2

Explanation:

Disadvantages of Liberalisation :-

1. Increase in unemployment.

2. Loss to domestic unit.

3. Increased dependence on foreign nation.

4. Unbalanced development of sectors.

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