Question

Name the three principal fractures of NEP?​

Answer 1

$\huge\mathfrak{Hello}$

the three principle features of NEP are:-

1. Liberalisation:-

➡️The fundamental feature of the new economic policy is that it provides freedom to the entrepreneurs to establish any industry/trade/ business venture......❣️❣️❣️.

➡️The area of liberalization is (i) licensing business, (it) Foreign Investment (iii) Foreign Technology (iv) Estab­lishment, Merger, Amalgamation and taken over, and (v) Simple Exit policies......❣️❣️

2. Extension of Privatization:

➡️Another feature of the new economic policy is the extension in the scope of privatization. Now, the majority of economic activities will be conducted by the private sector. In the wave of privatization, out of 17 industries reserved for public sector, 11 industries have been given to the private sector.......❣️❣️❣️

3. Globalization of Economy:

➡️The new economic policy has made the economy outwardly oriented. Now, its activities are to be governed both by domestic market as also the world market........❣️❣️

➡️It means unification of the domestic economy with the world, economy. In fact, this has become possible by various policy initiatives taken by the Govt......❣️❣️

Answer 2

Explanation:

the three principle features of NEP are:-

1. Liberalisation:-

➡️The fundamental feature of the new economic policy is that it provides freedom to the entrepreneurs to establish any industry/trade/ business venture......❣️❣️❣️.

➡️The area of liberalization is (i) licensing business, (it) Foreign Investment (iii) Foreign Technology (iv) Estab­lishment, Merger, Amalgamation and taken over, and (v) Simple Exit policies......❣️❣️

2. Extension of Privatization:

➡️Another feature of the new economic policy is the extension in the scope of privatization. Now, the majority of economic activities will be conducted by the private sector. In the wave of privatization, out of 17 industries reserved for public sector, 11 industries have been given to the private sector.......❣️❣️❣️

3. Globalization of Economy:

➡️The new economic policy has made the economy outwardly oriented. Now, its activities are to be governed both by domestic market as also the world market........❣️❣️

➡️It means unification of the domestic economy with the world, economy. In fact, this has become possible by various policy initiatives taken by the Govt......❣️❣️