Question

Why the government of a country might decides to own and control that industry or services. Like education, health, electricity supply, water supply defence and public transport. Suggest three possible reasons ​

Answer 1

Hey mate ☺️

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The government tries to combat market inequities through regulation, taxation, and subsidies. Governments may also intervene in markets to promote general economic fairness. Maximizing social welfare is one of the most common and best understood reasons for government intervention.

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