why have most of the Iron and Steel plants been set up in the public sector give three reason
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bigger than other industries
good cash flow in industries
good cash flow in industries
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aloha!
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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.
»»————- ★ ————-««
hope it helps :)
»»———— ★ ————-««
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.
»»————- ★ ————-««
hope it helps :)
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