Question

What was a key change introduced in agriculture as part of the 1991 economic reforms?

• A. Subsidies were increased significantly.
• B. All agricultural lands were nationalised.
• C. Traditional farming methods were mandated.
• D. Restrictions on exports of agricultural products were reduced.

Answer 1

Answer:

D. Restrictions on exports of agricultural products were reduced.

During the period of the 1991 economic reforms, Restrictions on exports of agricultural products were reduced. Liberalization entails the removal of governmental limitations on private individual activity. Privatization refers to the transition of a business, industry, or service from public to private ownership and management. Globalization is the flow of products, services, capital, and labor across international borders