What is economic reform? Also state the major reasons of the need of e

1.	What is economic reform? Also state the major reasons of the need of economic reform.
Answer» Economic reform is the process by which a nation improves the economic, political, and social well-being of its people. Reasons for the need of the same are : 1. Job creation 2. Industry diversification 3. Business retention and expansion 4. Economic fortification 5. Increased tax revenue 6. Improved quality of life.

What is economic reform? Also state the major reasons of the need of economic reform.

Answer»

Economic reform is the process by which a nation improves the economic, political, and social well-being of its people.

Reasons for the need of the same are :

1. Job creation

2. Industry diversification

3. Business retention and expansion

4. Economic fortification

5. Increased tax revenue

6. Improved quality of life.