The basic purpose of new economic policy is to encourage _______.

liberalization

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globalization

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privatization

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all of the above

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Solution

The correct option is C all of the above
The New Economic Policy refers to ongoing liberalization, globalisation and privatization started in 1991 of the country’s economic policies.

It was introduced with the goal of making the economy more market- oriented and expanding the role of the private and foreign investment.

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