LIBERALISATION — Process whereby a state lifts restrictions on | indiashastra
LIBERALISATION — Process whereby a state lifts restrictions on some private individual activities. — Occurs when something which used to be banned is no longer banned — Or when government regulations are relaxed. — It means to free the economy from the direct and physical control imposed by the government.
PRIVATISATION — Converting public companies into private companies — By Withdrawal of government ownership or management — OR Outright sale of government companies
GLOBALISATION It means integration of the economy of country with world’s economy.
