the term ___ refers to freedom of business Enterprises from excessive government control.
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Liberalization. Explanation: The term refers to freedom to business enterprises from excessive government control is Liberalization.
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The term free enterprise refers to freedom of business Enterprises from excessive government control.
- Also known as a free market, it refers to the providence where the market itself decides the prices, service tax, etc of a product.
- It is not dependent on excessive government control. This also includes businesses.
- It is a kind of legal system that determines and regulates many commercial activities through private measures.
- It is different from capitalism and shouldn't be used as an alternative word for the same.
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