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Briefly explain the following a liberalisation, …

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Briefly explain the following a liberalisation, globalisation, privatisation.

Posted by Himanshu Sharma 5 years, 10 months ago

CBSE > Class 12 > Business Studies

1 answers

Sakshi Chahar 5 years, 10 months ago

Liberalisation- means liberty from unnecessary control imposed by the govt. Ex.licencing policy was removed from all industries except 6. Privatisation- means transfer of power from public sector to private sector. Globalisation- means growing economic interdependencd among different countries in the world.

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