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Positive and Normative Economics

What Is the I...

Question

What Is the Impact of Liberalisation Privatisation and Globalisation on Business?

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Solution

The impact of LPG (Liberalisation, Privatisation and Globalisation) on business is as follows:

Increase in foreign direct investment

Growth of GDP

Increase in employment

Reduction in industrial recession

Rise in exports

Development of Infrastructure

Also see:

MCQs on Liberalisation

MCQs on Globalisation

Advantages of Globalisation

Objectives of Privatisation

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