Liberalisation of trade by the government means_____. • Liberalisation
Right Answer is: C
• Liberalisation- it is the process of reduction (or elimination) of
government restrictions/control on business, trade & market. It also means removal of tariff, subsidies and other restrictions on flow of goods and services.
• Globalisation-it is the process of integration of the economy of a
nation with the world economy.
• Disinvestment- – it is the process of sale of assets of a government
enterprises by the government.
• Privatisation- it is the process of transfer of ownership, management, and control of a public sector enterprises into private hands.