Question
Download Solution PDFRemoving barriers or restrictions set by the Government is known as
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is 'Liberalization'.
Key Points
Let's have a look at the meanings of each term given in the options:-
| Term | Meaning |
| Liberalization | Removing barriers or restrictions set by the Government. |
| Privatization | Transferring ownership, management, and control of public sector companies by the government to private entities. |
| Globalization | Integrating a country’s economy with the world economy. |
| Bilateral Agreements | Contracts between two countries. |
Thus, Removing barriers or restrictions set by the Government is known as Liberalization.
Hence, the correct answer is Liberalization
Last updated on Oct 14, 2024
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