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Question
Which three components comprise the New Economic Policy framework?
Options
Privatisation, Liberalisation, and Globalisation
Nationalisation, Regulation, and Protectionism
Privatisation, Socialism, and Decentralisation
Liberalisation, Taxation, and Inflation Control
MCQ
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Solution
The New Economic Policy is built on three foundational components: Privatisation (reducing state ownership), Liberalisation (deregulating economic activities), and Globalisation (opening economy to international trade and investment).
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