Liberalisation refers to the process of removing or reducing government regulations, controls, and restrictions on trade, business, and industry. It involves promoting free-market policies that allow for more competition, innovation, and efficiency in the economy. The aim of liberalisation is to stimulate economic growth and development, increase foreign investment, and improve living standards by opening up markets and allowing more free trade. This can involve deregulation, privatization, and the removal of barriers to entry, such as tariffs, quotas, and subsidies.
