Which of the following is not a principal feature of liberalisation?

Concept

Liberalisation reduces government-imposed restrictions on economic activity so that firms can make production, investment, and market-entry decisions with greater autonomy.

Its core direction is to simplify licensing, reduce controls, widen private-sector participation, and encourage competition.

Application

A policy that provides no opportunity for competition moves in the opposite direction: it protects restrictions rather than opening markets. Therefore, providing no opportunity for competition is not a feature of liberalisation.

Contrast

• Simplification of the licensing policy removes administrative barriers to entry and expansion.

• Reduction of government control gives private enterprises greater operational freedom.

• Opening capital markets expands private enterprises’ access to investment and finance.

Hence, the excluded feature is providing no opportunity for competition.