what is liberalisation

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

Install Now

what is liberalisation

Posted by Niyati Bansal 7 years, 3 months ago

CBSE > Class 11 > Economics

3 answers

Vikrant Singh 7 years, 3 months ago

<div style="clear:both;">Meaning: - Liberalisation is the process of liberating the economy from various regulatory and control mechanisms of the state and of giving greater freedom to private enterprise.</div> <div> </div> <div> </div> <div>Definition: - Liberalisation can be defined as, “Unilateral or multilateral reductions in tariffs and other measures that restrict trade”</div> <div> </div> <div>NEED FOR LIBERALISATION</div> <div> </div>

Bring flexibility in the operations of business organisations.
Paves the way for globalisation
Helps companies to compete with other companies at international level.
Saves time, efforts and money of business enterprises.
reduces cost of production and distribution

Increase efficiency, productivity and profitability of business organisations.

0Thank You

Shivi Singhal 7 years, 3 months ago

Reduction of unnecessary management and control

0Thank You

Arinan Aggarwal 7 years, 3 months ago

Removing all unnecessary restrictions and control is known as liberalization

0Thank You

ANSWER

Related Questions

Calculate the coefficient of correlation between annual growth of national income at current price and the gross domestic saving as percentage of GDP. Also, interpret the result. Q4 Year 2007 2008 2000 2001 2002 2003 2004 2005 2006 2009 Growth 14 17 18 17 16 12 16 11 8 10 of NI K Q5. Saving 24 23 26 27 25 25 23 25 24 23

Posted by Anshika M 4 weeks, 1 day ago

CBSE > Class 11 > Economics

0 answers

The word statistics was used first in

Posted by Ishitaa Rajpurohit 1 week, 5 days ago

CBSE > Class 11 > Economics

0 answers

Difference between consumer present index wholesale price index

Posted by Aditya Bhai 2 months, 1 week ago

CBSE > Class 11 > Economics

0 answers

What are the various sources of secondary data

Posted by Dasi Meghana 2 months ago

CBSE > Class 11 > Economics

3 answers

Why capital denoted by k

Posted by Naina Chaudhary 1 month, 4 weeks ago

CBSE > Class 11 > Economics

1 answers

Write and explain law of variable proportion?

Posted by Shubham Singh 2 months, 1 week ago

CBSE > Class 11 > Economics

2 answers

This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines. If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section. Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html

Few rules to keep homework help section safe, clean and informative.

Don't post personal information, mobile numbers and other details.
Don't use this platform for chatting, social networking and making friends. This platform is meant only for asking subject specific and study related questions.
Be nice and polite and avoid rude and abusive language. Avoid inappropriate language and attention, vulgar terms and anything sexually suggestive. Avoid harassment and bullying.
Ask specific question which are clear and concise.

Remember the goal of this website is to share knowledge and learn from each other. Ask questions and help others by answering questions.

Posted by Jaspreet Kaur 1 month, 2 weeks ago

CBSE > Class 11 > Economics