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The Effects of Economic Reforms on Employment and Labor Markets
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Which economic reform in India led to the removal of quantitative restrictions on imports?
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A
Liberalization
💡 Explanation:
Liberalization refers to the removal of government restrictions and regulations on economic activities, including trade and investment. In India, liberalization policies were implemented as part of the economic reforms in the 1990s, which led to the removal of quantitative restrictions on imports.