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Advantage of liberalization.
Advantage of privatisation.
Advantage of globalization.
(Simple words)
Answers
Answer:
The Liberalisation of FDI has resulted in certain benefits such as increased in inflow of foreign capital, Development of skills of Indian personnels due to foreign MNCs training transfer of technology by foreign partners to Indian firms.
It has resulted in a great competition between both local and foreign producers.
This has enhanced the quality of goods and dropped the costs.
2. As a result of globalization, a large variety of products are available in the markets.
Potential benefits of privatisation
The main argument for privatisation is that private companies have a profit incentive to cut costs and be more efficient.
If you work for a government run industry managers do not usually share in any profits.
Answer:
ADVANTAGES OF LIBERALIZATION
Di-licencing of industries.
Increase in foreign direct investment.
liberalization of foreign technology.
Industrial location.
Faster growth and poverty reduction.
Increase in employment
Advantage of privatisation.
The advantages of transferring government-owned assets to the private sector are increased efficiency and profits, largely because competition incentivizes innovation and improvement. The disadvantages of privatization are decreased regulation and government revenue.
Advantage of globalization.
Access to New Cultures. ...
The Spread of Technology and Innovation. ...
Lower Costs for Products. ...
Higher Standards of Living Across the Globe. ...
Access to New Markets. ...
Access to New Talent. ...
International Recruiting. ...
Managing Employee Immigration.
Explanation: