Digieducation Learning Point

  Globalization and the Indian economy Class 10 economic notes       Quick revision notes for students        Cbse , state board and other..      Important Terms ✿ Globalisation : It means opening up the economy to facilitate its integration with the world economy. ✿ Liberalisation : It refers to liberal and easy policy for carrying business or profession within or outside the country and it also seeks to make licensing policy easy. ✿ Privatisation : Privatisation means removing strict control over private sector and making them free to take necessary decisions. ✿ Outsourcing : It is the process of giving some internal functions of the business to some outside vendor, who will take care of that particular process to help the overall business objective. ✿ Foreign Trade : It is a process of buying and selling goods and services from one country to another. Points to Remember ✿    Economic reform is the process of liberalisa...