how control of price advantage of liberalisation?
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how control of price advantage of liberalisation?
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=>Liberalization (or liberalisation) is any process whereby a state lifts restrictions on some private individual activities. ... The term "liberalization" is most often used in discussing economic liberalization, which refers to the reduction of state involvement in the economy, but it can be used in other contexts as well...
•ADVANTAGES of LIBERALISATION :-
1. Increase in foreign investment.
2. Increase in efficiency of domestic firms.
3. Rise in the rate of economic growth.
4. Control of price.
•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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