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What do you mean by Liberalisation? - Commerce

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प्रश्न

What do you mean by Liberalisation?

संक्षेप में उत्तर

उत्तर

Liberalization refers to laws or rules being liberalized, or relaxed, by a government. Liberalizing trade policy by the government includes the removal of tariff, subsidies, and other restrictions on the flow of goods and services between countries. Liberalization is the result of the New Industrial Policy which abolished the “License system” or “Licence Raj”.

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Meaning and Forms of Liberalization
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अध्याय 20: Liberalization, Privatization and Globalization - Exercise [पृष्ठ १७२]

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सामाचीर कलवी Commerce [English] Class 12 TN Board
अध्याय 20 Liberalization, Privatization and Globalization
Exercise | Q III. 1. | पृष्ठ १७२
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