What's is meant by liberalization ? State the measure adoted for liberalisation under cause od adaptation of exonomic reforms?
Dear Student
Liberalisation refers to freedom to economy from government's direct and indirect control.
The measures adopted for liberalisation are:
1) with liberalisation, licensing system was abolished.
2) with liberalisation number of industries reserved for public sector was reduced.
3) Import of capital goods became permitted.
4) liberalisation reduced import quota.
Regards
Liberalisation refers to freedom to economy from government's direct and indirect control.
The measures adopted for liberalisation are:
1) with liberalisation, licensing system was abolished.
2) with liberalisation number of industries reserved for public sector was reduced.
3) Import of capital goods became permitted.
4) liberalisation reduced import quota.
Regards