features of liabraliasation
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Question ⤵
● Features of liabraliasation ?
Answer ⤵
◆ Features of liberalisation in India :
1) Abolition of the previously existing License Raj in the country.
2) Reduction of interest rates and tariffs.
3) Curbing monopoly of the public sector from various areas of our economy.
4) Approval of foreign direct investment in various sectors.
★ Define liberation :
■ The removal or loosening of restrictions on something, typically an economic or political system.
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Explanation:
Generativity: refers to "making your mark" on the world through caring for others as well as creating and accomplishing things that make the world a better place. Generativity can be achieved by developing and nurturing ideas as well as children.
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