What are the positive effects of liberalisation and globalisation on business and industry.
Positive effects of liberalisation and globalisation are:
(i) It helps in exposing firm to international ’ competition.
(ii) It increases the inflow of foreign capital.
(iii) It simplifies the procedures of import and exports.
(iv) Removal of restrictions enables the firm to decide the price of goods and services.
(v) Employment opportunity increases.