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Question

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.

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