Economics · Economic Reforms
In the context of economic reforms, 'Liberalization' primarily means:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Reducing the total number of domestic industries
- 2Restricting market competition from foreign firms
- 3Relaxing government controls and regulatory restrictions✓
- 4Complete elimination of public sector undertakings
Correct answer
Relaxing government controls and regulatory restrictions
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