When the government reduces restrictions and loosens control on the private sector, it is called .

globalisation

No worries! We‘ve got your back. Try BYJU‘S free classes today!

marketisation

No worries! We‘ve got your back. Try BYJU‘S free classes today!

liberalisation

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

privatisation

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C liberalisation
Through liberalisation of trade, the government tries to reduce restrictions on the private sector of the economy. This helps private sector industries to work more efficiently.

Suggest Corrections

Similar questions

Private sector banks are owned, managed and controlled by the government.

State the term, or the process which shows a reduction in government control and tax rates to promote the private sector.

Join BYJU'S Learning Program