Question : Fill in the blanks-
_________ Involves the regulating and reduction of government control and greater autonomy to make economy more competitive.
Option 1: Liberalisation
Option 2: Privatisation
Option 3: Globalisation
Option 4: None of the above.
Correct Answer:
Liberalisation
Solution :
Liberalisation involves the regulating and reduction of government control and greater autonomy to make economy more competitive. For emerging nations, economic liberalisation is typically viewed as a positive and desirable development. Unrestricted money flow into and out of the nation is the fundamental objective of economic liberalisation, which will increase economic growth and efficiency.
Hence Option A is correct.
