Question

What Do You Mean by Liberalization?

Answer 1

Liberalisation refers to the process of relaxation of trade rules and regulations of a country by the government which paves the way for economic growth and development. It involves opening up trade opportunities with other countries which results in an increase in foreign exchange reserves and also job creation for the citizens of the country.

Also see:

• MCQs on Liberalisation
• MCQs on Globalisation
• Advantages of Globalisation
• Objectives of Privatisation