What is liberalisation?
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Posted by Sayaree Chakraborty 5 years, 3 months ago
- 2 answers
Gaurav Seth 5 years, 3 months ago
Liberalisation
Liberalisation means removing all unnecessary control and restrictions like permits licences, protectionist duties quotas etc. In other words, It may defined as loosening of govt. regulation in a country to allow for private sector companies to operate business transactions with fewer restrictions.
Objectives of liberalisation :-
1. To decrease debt burden of the country
2. To expand size of the market
3. To increase competition among domestic industries
4. To encourage export and import of goods and services.
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Naman Kumar 5 years, 3 months ago
2Thank You