Name the term/process under which reduction in tax rates and lifting o – InterviewSolution

InterviewSolution

1.	Name the term/process under which reduction in tax rates and lifting of unnecessary control over the economy was undertaker.
Answer» Liberalisation. Liberalization refers to laws or rules being liberalized, or relaxed, by a government. .While liberal is used to refer to more than just politics––you can have liberal parents––liberalization is used only when speaking of economic or social policies or other government regulations

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