What is called the government policy of liberalization and Privatisation?
➢ Globalisation is the outcome of the policies of liberalisation and privatisation. It means an integration of the economy of the country with the world economy.
What is privatization and liberalization?
Liberalisation: Liberalisation of the economy means its freedom from direct or physical controls imposed by the government. Privatisation: It is the general process of involving the private sector in the ownership or operation of a state-owned enterprise.
What is the policy of liberalization and Globalization explain?
The new Industrial Policy was announced in 1991. The policy has three main dimensions: liberalisation, privatisation and globalisation. .
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- what is called the government policy of liberalisation and privatisation