Government monopolies over private monopolies.

[CALVINDOL]

The establishment of government monopolies is considered to be more effective and more satisfying than to the establishment of private business monopolies. Researches and scholars have shown that when the government establishes Monopoly commercial Enterprises it tends to provide more employment and more satisfactory and comfortable societal incentives for everyone but when private individuals establishes Monopolistic businesses there is absolutely an obstruction and hindrance in the equitably and a sufficient satisfaction of the needs and wants of individuals residing in a particular society or economy. For example in Nigeria the government is only the seller and vendor of electricity and there is absolutely no private electricity company that I know of existing in Nigeria. And even if there were, we citizens of Nigeria can almost feel the non-equitable and the insufficient satisfaction of electricity.

Government established Monopoly provides employment and more employment opportunities for members of the public but if private monopolies were to be established only a few minority of individuals will be employed. Government monopolies tends to issue discount and subsidy so that even low income earners can enjoy what the business has to offer, but on the other hand private monopolies may never give discounts to the unsold goods and services and most of their services and goods may be on high and unbearable price.

 

[TOZZIBLINKZ]

To some extent private monopolies are more better than government monopolies but overally it is almost possible and effective to say that government monopolies is more preferred than private monopolies and that is because government monopolies give the equitable share of satisfaction of wants and services to customers and clients or to members of the public sometimes free of charge and sometimes on a reduced rate of price, but private monopolies tends to be more tough in its dealings and doings with members of the public thereby having an increased rate of price to their goods and services making it on variable for customers and clients to buy or purchase to satisfy their needs and they wants.

There is an efficient job circulation when government monopolies are being built but when private monopolies are belt there is only a job circulation for a few amount of persons possibly families, friends, and relatives to the individual owning and managing the private monopolistic business.