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Funding a business
Reasons government should establish public corporations.
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[QUOTE="Caramelle, post: 212405, member: 150"] [JUSTIFY]Governments should set up public corporations to set the standards for quality and pricing in some major industries. In a capitalist economy, private businesses are established with profit as the primary objective. Achieving profit will usually involve taking advantage of various market forces such as supply and demand. Public corporations serve as industry players that will provide products and services at reasonable prices, providing high-quality alternatives to private commercial establishments' products. They help prevent monopoly which can drive prices up. They also ensure a steady supply thus negating efforts by cartels to create artificial scarcity. Although profit may not always be the primary motive of public corporations, they nevertheless contribute to the government's coffers through their income and tax payments. They also contribute to the economy by providing employment to citizens. Public corporations should be managed well and made profitable. Otherwise, it can become a burden to the state and may start losing its assets. In that case, the government will be forced to sell the public corporation and its remaining assets to the highest bidder or just close the business at a loss. It can't afford to support a badly performing corporation for long. For this reason, it has to appoint well-experienced executives and managers that are experts in their respective industries.[/JUSTIFY] [/QUOTE]
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Reasons government should establish public corporations.
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