Social Sciences, asked by bhatekarpriya, 1 year ago

what do you understand by liberalisation of the economy

Answers

Answered by Aarushi2043

2

Answer:

Liberalisation stands for an economy where the market is open for all. Any company from any country can start there business in an open economy.

In such type of economy business rules, taxes and other riddles are removed for open competition.

Liberalisation also stand for the privatisation of market.

Where the market is totally controlled by private sector and government take no part in it.

India started liberalisation in 1991.

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