There are various reasons of the government participating in business

Question

14 Sep 2022

Answer :

Word Count : 303

The various reasons of the government participating in business are -

1. Provision of Non-market Products and Indivisible Services

Certain products and services are necessary for the very existence of the society. They include nation’s defense and related services, price protection, flood control, protection of public monuments, buildings etc.

2. Provision of Basic Infrastructure

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