Question

liberalisation in short ​

Answer 1

Answer:

Liberalization refers to laws or rules being liberalized, or relaxed, by a government. ... While liberal is used to refer to more than just politics––you can have liberal parents––liberalization is used only when speaking of economic or social policies or other government regulations.

Answer 2

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• Removing barriers or restrictions set by the government is what is known as liberalisation.

• With liberalisation of trade, businesses are allowed to make decisions freely about what they wish to import or export.

• The government also imposes much less restrictions.

• The government removes trade barriers.

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• The Indian government after independence, had put barriers on foreign trade and investment.

• This was done to protect the small produces within the country from foreign competition.

• Around 1991, the barriers was removed and Indian produces were allowed to compete with produces around the globe.

• Some of the producers suffered because of decision of the Government and some grew because of competition.

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