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Question
______ refers to the removal of unnecessary controls and restrictions of the government in the form of -licenses.
Options
Liberalisation
Privatisation
Globalisation
None of the above
MCQ
Solution
Globalisation
Explanation -
Globalisation refers to the process of integration of various economies of the world. It implies reducing the restrictions on the import and export such as licensing and tariffs.
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Impact of Government Policy Changes on Business with Special Reference to Liberalization, Privatization and Globalization in India
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