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Question
What is meant by 'liberalisation'?
Solution
Liberalisation refers to reduced government controls and restrictions such as licences and quotas.
RELATED QUESTIONS
What is meant by 'Globalisation'?
Giving any four points, explain the impact of government policy changes on Business and Industry.
Krishna Furnishers Mart started its operations in the year 1954 and emerged as the market leader in the industry because of their original designs and efficiency in operations. They had a steady demand for their products but over the years, they found their market share declining because of new entrants in the field. The firm decided to review their operations and decided that in order to meet the competition, they need to study and analyze the market trends and then design and develop their products accordingly. List any two impacts of changes in business environment on Krishna Furnishers Mart’s operations. (Hint: increase in competition and Market orientation).
Briefly discuss the impact of Government policy changes on business and industry.
What economic changes were initiated by the Government under the Industrial Policy, 1991? What impact have these changes made on business and industry?
What are the essential features of:
a. Liberalisation,
b. Privatization and
c. Globalisation?
Giving freedom to Indian business and industries from all unnecessary government controls and restrictions is an example of ______.
Reduction in the role of public sector is due to ________.
Export promotion is concerned with _______.
In all the countries there is a free-flow of goods and services under which of the following does it come?
Globalization aims at ______.
A possible obstacle to growth of privatisation is ______.
Privatization of ownership through sale of equity share is called ______.
______ refers to the removal of unnecessary controls and restrictions of the government in the form of -licenses.
What is the impact of government policy changes on the business and industry
What are the essential features of Liberalisation?
