Why do you think that several basic items needed by the society as a whole can't be provided by private sector at a reasonable cost.
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Following are the reasons for this:
There are several services needed by the society which the private sector cannot provide at a reasonable price. Activities like construction of roads, bridges, railways, irrigation through dams etc, require huge amount of money which is beyond the capacity of the private sector.
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Explanation:
SOCIETY as a whole, needs several things which the private sector will not be able to provide at a reasonable cost. Following are the reasons for this: ... Activities like construction of roads, bridges, railways, irrigation through dams etc, require huge amount of money which is beyond the capacity of the private sector.
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