Hey !!
✡ Explain :
➡ Economic Liberation.
➡ Privatisation
➡ Globalization
➡ Also Describe it's advantages and disadvantages.
➡ Answer if you know
➡ Required Best Answers ✌✌.
Attachments:
Answers
Answered by
2
Hey Mate!
~~~~~~~~
Here is your answer :
=================================
● LIBERALISATION : Removing of trade barriers on the foreign trade is called as Liberalisation. The word liberal means free. The first liberalisation in india was took place in 1991 under the rule of prime minister, P.V Narasimha Rao.
● GLOBALISATION : The rapid integration of countries is called as Globalisation. This was started in the late 20th century. It has Cultural, economical and political dimensions.
● PRIVATISATION : The process of changing the ownership, business and trade from government to Private is called as Privatisation. It supported the individual interprenaurs.
ADVANTAGES AND DISADVANTAGES :
Liberalisation : The advantages of liberalisation are :
》 This allowed the foreign trade in India.
》 This supported
the Globalisation.
》Indian markets are integrated.
》Indian large companies got benefitted.
Disadvantages of liberalisation are :
》 This benefitted the other countries.
》 Small workers and factories were hard hit by this.
》 Unskilled workers were not benefitted.
Advantages of Globalisation are :
》 Globalisation integrated countries.
》 This provided good quality of goods.
》Dilution of borders took place.
》Skilled workers were benefitted.
》 Indian companies grew to MNC.
Disadvantages of Globalisation are :
》 It doesn't support unskilled workers.
》 Many small farmers were not benefitted.
Advantages of Privatisation :
》Many private companies were started.
》Many local banks were started.
》 This allowed many developments like airways etc..
Disadvantages of Privatisation :
》 This effected the Government.
》 Government income decreased etc...
HOPE THIS HELPS U...ETC
~~~~~~~~
Here is your answer :
=================================
● LIBERALISATION : Removing of trade barriers on the foreign trade is called as Liberalisation. The word liberal means free. The first liberalisation in india was took place in 1991 under the rule of prime minister, P.V Narasimha Rao.
● GLOBALISATION : The rapid integration of countries is called as Globalisation. This was started in the late 20th century. It has Cultural, economical and political dimensions.
● PRIVATISATION : The process of changing the ownership, business and trade from government to Private is called as Privatisation. It supported the individual interprenaurs.
ADVANTAGES AND DISADVANTAGES :
Liberalisation : The advantages of liberalisation are :
》 This allowed the foreign trade in India.
》 This supported
the Globalisation.
》Indian markets are integrated.
》Indian large companies got benefitted.
Disadvantages of liberalisation are :
》 This benefitted the other countries.
》 Small workers and factories were hard hit by this.
》 Unskilled workers were not benefitted.
Advantages of Globalisation are :
》 Globalisation integrated countries.
》 This provided good quality of goods.
》Dilution of borders took place.
》Skilled workers were benefitted.
》 Indian companies grew to MNC.
Disadvantages of Globalisation are :
》 It doesn't support unskilled workers.
》 Many small farmers were not benefitted.
Advantages of Privatisation :
》Many private companies were started.
》Many local banks were started.
》 This allowed many developments like airways etc..
Disadvantages of Privatisation :
》 This effected the Government.
》 Government income decreased etc...
HOPE THIS HELPS U...ETC
ria113:
bro wht about advantages and disadvantages
oh...I didn't see that wait
okay
Answered by
1
Hey
here is ur answer
========================
➡Economic Liberation=Economic liberalization is the lessening of government regulations and restrictions in an economy in exchange for greater participation by private entities; the doctrine is associated with classical liberalism. Thus, liberalisation in short is "the removal of controls" in order to encourage economic development.
➡ Privatisation= The transfer of ownership, property or business from the government to the private sector is termed privatization. ... India went for privatization in the historic reforms budget of 1991, also known as 'New Economic Policy or LPG policy'.
➡ Globalization=he process by which businesses or other organizations develop international influence or start operating on an international scale.
➡ Advantage and disadvantages :
============
I hope this will help
#Prem✌✌✌
here is ur answer
========================
➡Economic Liberation=Economic liberalization is the lessening of government regulations and restrictions in an economy in exchange for greater participation by private entities; the doctrine is associated with classical liberalism. Thus, liberalisation in short is "the removal of controls" in order to encourage economic development.
➡ Privatisation= The transfer of ownership, property or business from the government to the private sector is termed privatization. ... India went for privatization in the historic reforms budget of 1991, also known as 'New Economic Policy or LPG policy'.
➡ Globalization=he process by which businesses or other organizations develop international influence or start operating on an international scale.
➡ Advantage and disadvantages :
============
I hope this will help
#Prem✌✌✌
Attachments:
Similar questions