Revision Notes For Class 11 Economics Chapter 3 Liberalisation Privatisation And Globalisation An Appraisal

Liberalisation, Privatisation And Globalisation : An Appraisal is a chapter that is crafted to explain about the modern economic reforms that took place post Indian independence. This chapter is incorporated with various concepts – introduction, background, liberalisation – deregulation of industrial sector, financial sector reforms, tax reforms, foreign exchange reforms, trade and investment policy reforms, privatisation, globalisation – outsourcing, world trade organisation (WTO), Indian economy during reforms : an assessment – growth and employment, reforms in agriculture, reforms in industry, disinvestment, reforms and fiscal policies, conclusion.

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Frequently asked Questions on CBSE Class 11 Economics Notes Chapter 3: Liberalisation Privatisation and Globalisation an Appraisal

What is ‘Liberalisation’?

Liberalisation is a broad term that refers to the practice of making laws, systems, or opinions less severe, usually in the sense of eliminating certain government regulations or restrictions.

What is ‘Globalisation’?

Globalisation is the word used to describe the growing interdependence of the world’s economies, cultures, and populations, brought about by cross-border trade in goods and services.

What is ‘Appraisal’?

The word appraisal is defined as the act of determining a value of something or the report of that value.

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