What arguments can be advanced for state ownership of business understandings

Arguments for state ownership of business undertakings.

  • They promote general welfare of the public providing social goods such as medical facilities, sewerage, etc
  • Avoid wastage and inefficiency since some establishments are nationalised to avoid duplication.
  • They encourage private investment in activities which require heavy capital but take long to bring returns.
  • They provide services to the public at fair prices since the interest of the public is the main consideration.
  • Encourages democratic control through the state and local authority and profits are not to a limited number of shareholders.



(Visited 3 times, 1 visits today)
Share this:

Written by 

Leave a Reply

Your email address will not be published. Required fields are marked *