Freedom in fixing prices of goods and services and the reduction in sales tax rates is ___.

Globalisation

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Liberalisation

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Urbanisation

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Privatisation

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Solution

The correct option is B
Liberalisation

Freedom in fixing prices of goods and services and the reduction in sales tax rates is Liberalisation.

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Similar questions

Which of the following are highlights of the Liberalisation, Privatisation and Globalisation Policy in India?

Briefly explain the following:

(a) Liberalisation

(b) Privatisation

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