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Government Monopoly or private monopoly which is best preferred.
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[QUOTE="TOZZIBLINKZ, post: 271189, member: 37528"] My answers to this thread will be based on my own view and perspective. I would prefer the government to own all monopolies businesses established in a particular economy. And in case you are wondering what is a monopolistic business well it is a kind of business in which only one individual is the seller or the vendor of a particular goods or services to many buyers and purchases. A good example of monopolistic business is established in some areas of west Africa to be precise Nigeria is electricity company which is popularly known as PHCN. It is better for government to own all monopolistic businesses in a particular economy because to some extent they would be an equitable share of these goods and services among individuals. But if private individuals will to own companies such as these that provide electricity, they may not be and equitable share of these services. Government monopolies absolutely give way for vast numbers of employment opportunities but private monopolistic businesses may only give employment opportunities over a certain level of individuals. For example in the PHCN company individuals of various categories add of various career and job choice can totally work there and earn a living. People also have the privilege to get trained and experienced as potential engineers and electrical software job or career owners . [/QUOTE]
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Government Monopoly or private monopoly which is best preferred.
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