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The process of removing government-imposed limits or impediments is known as:​
Question

The process of removing government-imposed limits or impediments is known as:​

A.

​liberalisation​

B.

​financial investments​

C.

​privatisation​

D.

​Globalisation​

Correct option is A

  • The process of removing government-imposed limits or impediments is known as liberalization. 
  • Liberalization is the removal of government regulations or prohibitions, or the creation of less stringent rules, organizations, or views. 
  • Liberalization is often used in the context of business, where it refers to the reduction or elimination of constraints on economic growth. For example, trade liberalization is the removal or reduction of barriers to trade between countries, such as tariffs and quotas. 
  • In the context of drugs, liberalization can also be used as a synonym for decriminalization or legalization.

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