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In today’s world, the flow of goods and services is not only cheap and fast, but reliable and secure. You can order anything you wish from any part of the world. Internet has been connecting people without any limitations or boundaries in the way of doing business. Identify the concept being described in the above lines.
Liberalisation
Globalisation
Demonetisation
Privatisation
- Globalisation (Option 2):
- This describes the process of interaction and integration among people, companies, and governments worldwide.
- It enables the fast and secure flow of goods, services, and information across borders.
- ?? Correct answer
- Liberalisation (Option 1):
- Refers to the relaxation of government restrictions, usually in economic policies.
- It often involves opening up markets to competition and reducing tariffs.
- Demonetisation (Option 3):
- Involves stripping a currency unit of its status as legal tender.
- This is usually done when changing national currency or combating illicit activities.
- Privatisation (Option 4):
- The process of transferring ownership of a business, enterprise, or public service from the government to private individuals or organizations.
- Aimed at increasing efficiency and profits.
By: santosh ProfileResourcesReport error
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