state the disadvantages of liberalization
Answers
Answer: 1.Increase Dependence
2.Loss in domestic unit
3.Unbalanced economy
1.Increase Dependency :- As results in increase in foreign trade , nation goes dependence in technology , Material etc . If any breakdown happened it can cause loss to the industry or business.
2. Loss in domestic unit :- As results in increase in foreign trade , nation goes dependence of material as it is very cheap from foreign countries like china etc. It causes loss to domestic unit as nobody wants to buy domestic products
3. Unbalanced Economy :- Liberalization makes economy to unbalanced economy as it makes dependent on other countries if any fluctuation happens in foreign economy it also makes fluctuation in economy .
Answer:
hey mate here is your answer....
Explanation:
➡️ Inspite off decrease in restrictions, monopoly could not be checked.
➡️ As focus has only been paid on industrial sector, India has remained backward in in development in agriculture field.
➡️ There has been increase in disparity of income.
➡️ Because of increase in imports and decrease in exports, foreign debt has increased.
Hope it helps!✌️