Question

what is meant by Liberalization​

Answer 1

Answer:

Liberalization: It is the process where by a state lifts restrictions on some private individuals activities. Liberalization occurs when something which used to be banned is no longer as banned..,or when the government regulations are relaxed...

Answer 2

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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.