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______ refers to relaxation of produce government restriction usually in areas of social and economic polices:
Privatisation
Globalisation
Disinvestment
Liberalisation
- Liberalisation: ??? Refers to the relaxation of government restrictions, typically in areas of social and economic policies. This can include reducing tariffs, opening up markets, and encouraging competition.
- Privatisation: The process of transferring ownership of a business, enterprise, or public service from the government to private individuals or organizations.
- Globalisation: The process of integrating economies, cultures, and societies on a global scale, often leading to increased trade and cultural exchange.
- Disinvestment: The action of an organization or government selling or liquidating an asset or subsidiary.
Correct Answer: Option 4 - Liberalisation
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