Question

Explain the advantages and disadvantages of nationalisation of commercial bank

Answer 1

hey friend !!!!

Advantages

1. Safeguards the interests of Laborers

2. Technical efficiency and lower cost of production

3. Cooperation and prosperity for all

4. Increased earnings of the State

5. Control over prices of war supplies

6. Employment opportunities

7. Economic and political growth

Disadvantages

1. Lack of individual initiative

2. Lack of freedom

3. Lack of Spirit of competition

4. Rigid system

5. Less intervention of public in economic affairs