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explain LPG,i.e, Liberalisation, Privatisation, Globalisation.


swarnmanik 15th Jun, 2020
Answer (1)
Shivani Chaudhary 15th Jun, 2020

Hello!

liberalisation means removal of restrictions which are levied on financial,industrial, policies. In liberalisation foreign companies, foreign assistance comes in country.

Privatisation means establishing industries and enterprises by individuals and controlled by them.

Globalisation is a wide spectrum in this many foreign companies comes in native country and native country can establish its business and enterprise in foreign country.

Thankyou!

Hope it helps!

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