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 by 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.

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