Consider the following statements regarding Economic reform:
1. Economic reforms are the steps taken by a government to reduce the government's influence in the economy while increasing the role of the private sector.
2. Economic reform should be viewed as a policy shift in an economy or as "alternative development strategies."
Which of the above statements is/are correct?
Consider the following statements regarding Economic reform:
1. Economic reforms are the steps taken by a government to reduce the government's influence in the economy while increasing the role of the private sector.
2. Economic reform should be viewed as a policy shift in an economy or as "alternative development strategies."
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2