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Outline reasons for government involvement in business activities

Outline reasons for government involvement in business activities

Answers

Simon
• To promote the creation of employment opportunities by initiating projects.
• To prevent the public from the exploitation by private business especially in the provision of essential goods and services such as sugar and salt.
• To prevent foreign dominance of the economy by investing in areas where the locals are not able to.
• To provide essential goods and services in areas where private individuals and organizations are unwilling to venture because of low profits and high risks.
• To provide goods and services that are more sensitive to be left in the hands of private sectors.
• To attract foreign investment by initiating major business projects.
• To provide essential goods and services which private organizations are unable to provide due to the large amount of initial capital required.

skilled writter answered the question on May 15, 2018 at 05:53

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