Question

Why have most of the iron and steel plants been set up in the public sector? Give three reasons

Answer 1

Iron and steel plants are set up in the public sector due to the following reasons:

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

• It starts production and profit making in the long run.

• It calls for continuous efforts of research and development and technology due to fast technical advancement.

• Large infrastructural facilities, such as efficient and modern transportation and communication, abundant fuel and power supply, are readily available to use in the public sector.

                    hope this helps :)