Question

Which public intrest is importent to keep in mind for the establishment of the industry

Answer 1

Answer:

By using empirical methodology, this paper investigates to what extent the public interest and the private interest theories, respectively, explain the actual regulatory process. Our estimation findings are as follows: First, on average (whole industry basis), the explanation power of the public interest theory is about 46– 78%, while that of the private interest theory is about 22–54%. Second, the explanatory power of the public interest theory is higher in non-public utility industries, while that of the private interest theory is higher in public utility industries. This suggests that regulations on non-public utility industry are constructed largely with social welfare in mind, as assumed in conventional neoclassical welfare economics, but that those in the public utility industry tend to be captured largely by private groups, as assumed in private interest theory.it is mostly that by the establishment of industries people living there get affected by the sound of industries and the water stream also get polluted due to he chemical released. for these industries sould be build out of the city

and the care should be taken that truble should not cause the local people

the public interest are important for the welfare of the citizens of the country

public interest for

establishment of industries are

•transportation and communications facilities

•proper electricity facilitie