Question

Measure of Liberalisation

Answer 1

Answer:

refers to the removal or reduction of restrictions or barriers on the free exchange of goods between nations. It is the relaxation of existing or previous Government restrictions usually in areas of social, political or economic policy which results in greater participation of private entities.

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Answer 2

Measures of Liberalization

Explanation:

Liberalization is the process of giving freedom to the private sector from the restrictions imposed by the government so that they can work efficiently. following measures are used by the government for liberalization:

1) Abolish the compulsory licensing for various industries.

2) Expansion of business and industries is made easy.

3) Freedom on import of raw material and technology.

4) Making the banking sector business-friendly.

5) Exemptions in taxation policy.

6) Freedom in Foreign Direct Investment.

7) Investment limit in small industries is being increased.