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Q.

Plz explain...Liberalisation Privatisation n globalisation...

Tags: plz, liberalisation privatisation, n globalisation
Asked by ARCHANA, 03 Nov '07 03:25 pm
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Answers (4)

 
1.

Liberalisation is freeing the industry from government restrictions. Starting from licencing to taxes one third of the retail price goes to the government now. In cigarette and liquor the amount may double.

Privatisation is the reverse of nationalisation. We nationalised lot of service ventures but now we feel all nationalised units are running in losses. Again we are thinking of privatisation. (the benefit: Our airlines are competing with the railways in terms of fare.)

Globalisation is to remove the restrictions to buy or sell good manufactures abroad. We can get cheaper but quality products of our choice.

Developed countries are advanced because they are exposed to a wider global goods market. They can not tolerate sub standard goods anymore. If they manufacture also they will try to bring out a better products than what they used so far.
Answered by star buck, 03 Nov '07 03:29 pm

 
  
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2.

Read here http://en.wikipedia.org/wiki/Globalization
Answered by Saj Sierra, 08 Nov '07 01:46 pm

 
  
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3.

Liberalizations means u r buy or purchase any product from world wide easily no restriction.

Privatization is all work or all sectors are controlled by private.

globalization are all services or consumable goods are sales in world wide
Answered by saamy, 03 Nov '07 03:32 pm

 
  
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4.

Means LPG
Answered by sujit, 03 Nov '07 03:26 pm

 
  
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