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What is the main feature of New Economic Policy?
Liberalisation
Privatisation
Globalisation
All of the above
- Liberalisation:
- This involves reducing government restrictions in the economy.
- Aims to encourage businesses to operate with more freedom.
- Enhances efficiency through increased competition.
- Privatisation:
- Refers to transferring ownership of businesses from the public to the private sector.
- This typically aims to improve management and productivity.
- Encourages greater private sector involvement.
- Globalisation:
- Involves integrating domestic economy with the global market.
- Encourages foreign investments and international trade.
- Promotes cross-border economic cooperation.
- All of the above:
- New Economic Policy encompasses Liberalisation, Privatisation, and Globalisation.
- It aims to transform and modernize the economy collectively.
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