Question

What Are the Advantages of Liberalisation?

Answer 1

Following are the advantages of liberalisation:

1. Increase in foreign direct investment
2. Abolishing of licensing system in the country
3. Reducing the monopoly of public sector
4. Increase in the employment opportunities
5. Economic development of the nation
6. Reduction in rates of interest and tariffs
7. Development in technology due to use of foreign technology in industrial applications.

Also see:

• MCQs on Liberalisation
• MCQs on Globalisation
• Advantages of Globalisation
• Objectives of Privatisation