What does liberalization mean?
A. Liberation of the economy from direct controls imposed by the government.√
B Incentive to Private sector.
C Globalization.
D None of these
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1
Answer:
Liberalization (or Liberalisation in British English) is the precondition for privatization and globalization. Liberalization is a broad term that usually refers to fewer government regulations and restrictions, mainly on economic activities. ... a change from excessive government intervention to minimal intervention.
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Correct option is (c) i.e globalization
Liberalization is a broad term that usually refers to fewer government regulations and restrictions, mainly on economic activities.
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