Question

what is meant by liberalisation, globalisation and foriegn district investment ?

Answer 1

Globalisation is a process of world wide integration resulting from the interchange of ideas,products,world views and different aspects of culture.

Liberalisation means removal of restrictions or barriers imposed in the field of social and economic policy.

Foreign Direct Investment(FDI) is a direct investment made by an individual or a company of a country into the production or business of another country.It is done either by buying a new company in the target country or expanding the existing business in that country.