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Q.3A) Distinguish between the following.Liberalisation and privatisation1. |
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Answer» Ans :- Liberalisation Liberalization, though similar to globalization, is more focused on the local economy. Liberalization generally refers to the removal of restrictions; usually government rules and regulations imposed on social, economic, or political matters. Liberalization maybe trade, social, economic, or capital market related. Social liberalization, for example, maybe related to things like making abortion related laws less stringent. Trade liberalization maybe with regard to reducing restrictions on imports or exports and facilitating free trade. Economic liberalization generally refers to allowing more private entities participate in economic activity, and capital market liberalization refers to reducing restrictions imposed on debt and equity markets. Privatisation All sectors comes under private from public. “All in all under corporate. they will concentrate only making to be profit” “Single hand is processing to every public assets.” |
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