Question

Why have most of the iron and steel plants been set up in the Public Sector? Explain four reasons.
Class 10 CBSE Geography.
points: 50
Thanks in advance :)

Answer 1

Most of the iron and steel plants have been set up in the Public Sector due to following four reasons:-

i) Large investment may not be possible for the private sector and is required for setting up and running the industry.

ii) It starts production and profit making in the long run.

iii) It calls for continuous upgradation of research and development and technology due to fast technical advancement.

iv) Large infrastructural facilities, such as efficient and modern transportation and communication, abundant fuel and power supply, etc. are available in the public sector.

Answer 2

Answer:

pls mark as brainliest friend

Explanation:

most of the steel plants have been set up in the public sector because:

★ there are large infrastructural facilities such as good transportation, banking and fuel supply.

they require huge capital investments that can't be provided by private sector.

they require continuous upgradation of machinery as companies look for development to make profits and for giving this opportunity one can't rely on private sector.

Large investment may not be possible for the private sector and is required for setting up and running the industry.