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what is liberalisation

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what is liberalisation

    • Posted by Niyati Bansal 9 years, 3 months ago

    CBSE > Class 11 > Economics
    • 3 answers

    Vikrant Singh 9 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 9 years, 3 months ago

    Reduction of unnecessary management and control

    0Thank You

    Arinan Aggarwal 9 years, 3 months ago

    Removing all unnecessary restrictions and control is known as liberalization

    0Thank You

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