Liberalisation means ___
Policy of planned disinvestment
Integration among planned economies
Reduction of government control and restrictions
None of the above
Liberalisation means removal or reduction of various types of control and regulations on business.
Liberalisation means
(a) Integration among the economies
(b) Reduced government controls and restrictions
(c) Policy of planned disinvestment
(d) None of them
In a Centrally Planned Economy, the three aspects of Ownership, Production, and Allocation are all controlled by the government or the central planning authority.
Recently, many companies have planned for major investment in retail business. Increasing incomes, rise in living standards, government policy of liberalisation and its favourable attitude towards modernisation has favoured their decision.
Identify the various dimensions of business environment and explain their effect on business.