The new economic policy of the government has made a significant impact on the working of enterprises in business and industry. The Indian corporate sector is facing aggressive competition due to this. But these challenges have generated some values also.
(i) Identify the three major changes initiated by the government.
(ii) Identify any three values created as a result of these changes.
(i) The major changes initiated by the government are:
(a) Liberalisation (b) Privatisation © Globalisation. (ii) The three values created as a result of these changes are:
(a) Consumer awareness.
(b) Better quality goods and services.
© Protection and promotion of consumers’ interest.