Highlight four reasons for government involvement in business.

Question

1 Answer

anonymous · Answer 1 · 2021-06-24T10:59:01+0000

Provide subsidized essential services/at low cost
To protect citizens from exploitation
To create employment
To earn revenue
To stimulate economic growth
To provide commodities that are too sensitive to be left in the hands of private investors e.g. printing of money and manufacture of firearms
To prevent foreign dominance of the local economy
To provide commodities which private investors are unwilling to venture into due to low profit
Safeguard national interest by controlling strategic industries
To attract foreign investment