What are the positive effects of liberalisation and globalisation on business and industry?

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Solution

Positive effects of liberalisation and globalisation are:

(i) It helps in exposing the firm to international competition.

(ii) It increases the inflow of foreign capital.

(iii) It simplifies the procedures of import and export.

(iv) Removal of restrictions enables the firm to decide the price of goods and services.

(v) Employment opportunity increases.

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