write in deatail about economic liberalization, privatization, globalization... class 10
Answers
Answered by
9
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.It is also closely associated with neoliberalism.
Privatization (also spelled privatisation) is the purchase of all outstanding shares of a publicly traded company by private investors, or the sale of a state-owned enterprise to private investors. In the case of a for-profit company, the shares are then no longer traded at a stock exchange, as the company became private through private equity; in the case the partial or full sale of a state-owned enterpriseto private owners shares may be traded in the public market for the first time, or for the first time since an enterprise's previous nationalization.
Globalisation (or globalization, Americanspelling) is the trend of increasing interactionbetween people on a worldwide scale due to advances in transportation and communication technology, nominally beginning with the steamship and the telegraph in the early to mid-1800s. With increased interactions between nation-statesand individuals came the growth of international trade, ideas, and culture. Globalization is primarily an economic process of integration that has social and cultural aspects, but conflicts and diplomacyare also large parts of the history of globalization.
Privatization (also spelled privatisation) is the purchase of all outstanding shares of a publicly traded company by private investors, or the sale of a state-owned enterprise to private investors. In the case of a for-profit company, the shares are then no longer traded at a stock exchange, as the company became private through private equity; in the case the partial or full sale of a state-owned enterpriseto private owners shares may be traded in the public market for the first time, or for the first time since an enterprise's previous nationalization.
Globalisation (or globalization, Americanspelling) is the trend of increasing interactionbetween people on a worldwide scale due to advances in transportation and communication technology, nominally beginning with the steamship and the telegraph in the early to mid-1800s. With increased interactions between nation-statesand individuals came the growth of international trade, ideas, and culture. Globalization is primarily an economic process of integration that has social and cultural aspects, but conflicts and diplomacyare also large parts of the history of globalization.
Answered by
1
Economic liberalization, privatization, globalization.
Explanation:
- Economic liberalisation is the decreasing the governments regulations and restrictions in the economy and hence is the removal of the controls in order to encourage economic development.
- Most of the high-income countries have taken the path of economic liberalization in recent times to increase the competitiveness of business environments and lower the tax rates for business and open markets.
- The transfer of ownership or the business form a government to a private sector is called privatization. The state-owned assets may be sold to private owners and have an objective increase in the government's efficiency and thereby increasing the economic welfare, increase of investments, and deregulation of markets.
- Globalization is the process of interaction and integration among the people, companies, and the government on a worldwide basis and is a form of a capitalist expansion that has the integration of the national and the local to a global one.
Learn more about the economic liberalization, privatization, globalization.
- brainly.in/question/2946714 answered by Yuvraj140.
Similar questions