Question

explain the important areas of liberalization​

Answer 1

Answer:

Objectives

•To boost competition between domestic businesses

•To promote foreign trade and regulate imports and exports

•Improvement of technology and foreign capital

•To develop a global market of a country

•To reduce the debt burden of a country

•To unlock the economic potential of the country by encouraging the private sector and multinational corporations to invest and expand.

•To encourage the private sector to take an active part in the development process.

•To reduce the role of the public sector in future industrial development.

•To introduce more competition into the economy with the aim of increasing efficiency.

Explanation:

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