Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsINDUSTRIAL SECTOR2 Marks
Question
Why are state owned enterprises necessary?
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Answer
State owned enterprises are necessary for basic and key industries establishment because in such industries large amount of capital investment is required and risk factor is quite high.
Private sector is not ready to enter such industry therefore state itself has to start such units.
Above all, for balanced industrial progress and to avoid regional inequality state owned enterprises are necessary.
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