Answer to Question #97837 in Other for ELIJAHJARVIS KAMAU

Question #97837
explain The following are merits and demerits of government involvement in business:

Merits

Protection of local industries from unfair competition
Enables it to understand challenges faced in business
Enables it to provide essential services that other businesses do not provide due to low profit or high running costs.
Profit realized is used in provision of services such as education and health services
Creates employment for citizens through the businesses
Equips business people with business skills

Demerits

Some regulations discourage investors
Sometimes it drains public resources
Loss making businesses are a burden to taxpayers
Political appointments as commercial attaches or managers of government business leads to poor business.
1
Expert's answer
2019-11-04T03:26:00-0500
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