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Development Experiences in India — Economics STD 11 — Question

Tamilnadu BoardEnglish MediumSTD 11EconomicsDevelopment Experiences in India3 Marks
Question
State the arguments against LPG.
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Answer

  1. Liberalization measures favor the unrestricted entry of foreign companies which prevents the growth of the local manufactures.
  2. Privatization measures favor the continuance of the monopoly power.
  3. Only the developed countries are favored under globalization but the welfare of (he less developed countries will be neglected.

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