Question

What is meant by the terms Liberalisation and Globalisation?? Class 10 CBSE

Answer 1

Globalisation stands for the consolidation of the various economies of the world
Liberalization refers to laws or rules being liberalized, or relaxed, by a government. 
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Answer 2

Globalisation means free interaction of an economy with the economies of the rest of the world .

Liberalisation means to free it from direct or physical control imposed by the government