means reduction of
government control on the
private sector
1. Liberalization
2. Privatization
3. Globalisation
4. Industrialisation
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Explanation:
a. It involves deregulation and reduction of government controls and greater autonomy of private investment.
b. It means integration of economy of the country with the world economy.
c. It implies greater role of private sector in the economic activities of the country.
d. It aims to remove entry and growth restrictions on the Private Sector.
e. It involves selling off part of the equity of public sector undertakings to the public.
f. It aims to create a borderless world.
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