Relaxing the restrictions and control imposed on business and industry means ______.

liberalization

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privatisation

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globalisation

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none of these

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Solution

The correct option is D liberalization
Liberalization refers to relaxation of government restrictions usually in areas of social and economic policies. It refers to the process of eliminating unnecessary controls and restrictions on the smooth functioning of business enterprises.

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Similar questions

Relaxing the restrictions and controls imposed on business and industry means

Liberalisation means

(a) Integration among the economies

(b) Reduced government controls and restrictions

(d) None of them

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