Question
Explain the two components of liberalisation.
✓
Answer
Liberalisation contains two components:
First is to allow private sector to run those activities which were restricted earlier only to public sector. The second is relaxation of all rules and regulations which had restricted the growth of private sector earlier.
First is to allow private sector to run those activities which were restricted earlier only to public sector. The second is relaxation of all rules and regulations which had restricted the growth of private sector earlier.
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