The process of eliminating unnecessary controls and restrictions on the smooth functioning of a business enterprise is known as ________.
A
liberalisation
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B
globalisation
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C
privatisation
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D
none of the above
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Solution
The correct option is A liberalisation Liberalization has resulted in easy entry of foreign business
organization. Liberalization refers to the process of eliminating
unnecessary controls and restrictions on the smooth functioning of
business enterprise.