liberalization, the loosening of government controls. Although sometimes associated with the relaxation of laws relating to social matters such as abortion and divorce, liberalization is most often used as an economic term. In particular, it refers to reductions in restrictions on international trade and capital.
☞The Chandra Shekhar government (1990–91) took several significant steps towards liberalisation and laid its foundation.
☞Liberalisation is the process of relaxation of trade rules and regulations of a country by the government which paves the way for economic growth and development.
➜ Example: Economic liberalisation in India during 1991
☞Liberalisation aims at putting an end to the restrictions that can be detrimental to the growth and development of the country.
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liberalization, the loosening of government controls. Although sometimes associated with the relaxation of laws relating to social matters such as abortion and divorce, liberalization is most often used as an economic term. In particular, it refers to reductions in restrictions on international trade and capital.
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[tex]☞Answer \: \: by \: \: MrInocent☜ [/tex]
☞The Chandra Shekhar government (1990–91) took several significant steps towards liberalisation and laid its foundation.
☞Liberalisation is the process of relaxation of trade rules and regulations of a country by the government which paves the way for economic growth and development.
➜ Example: Economic liberalisation in India during 1991
☞Liberalisation aims at putting an end to the restrictions that can be detrimental to the growth and development of the country.
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