what is Liberalization
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liberalization is a precondition for privatization and globalization liberalization is a board term that usually refers to fewer government
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Liberalization means to liberate industry from the shackles of the licensing system. The economic reforms that were introduced were aimed at liberalizing the Indian business and industry from all unnecessary controls and restrictions. Liberalization signalled the end of the license permit quota and other restrictions that were put on the industries before 1991.
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