Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsLiberalisation, Privatisation And Globalisation1 Mark
Question
Why are structural reforms also referred to as 'microeconomic structural adjustment measures'?
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Answer
Structural reforms are also referred to as ‘microeconomic structural adjustment measures' as they are targeted at specific sectors of the economy. These measures are related to the changes made in industrial policy, trade policy, public sector policy, price policy and tariff policy.
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