Question

What is liberalisation of economy and what were the main measures?

Answer 1

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librealisation of economy and were the main measures

Economic liberalization (or economic liberalisation) is the lessening of government regulations and restrictions in an economy in exchange for greater participation by private entities; the doctrine is associated with classical liberalism. Thus, liberalization in short is "the removal of controls" in order to encourage economic development.[1] It is also closely associated with neoliberalism.

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