-They promote general welfare of the public by providing social goods such as medical facilities, sewerage, etc
-Avoid wastage and inefficiency since some establishments are nationalised to avoid duplication.
-They encourage private investment in activities which require heavy capital but take long to bring returns.
-They provide services to the public at fair prices since the interest of the public is the main consideration.
-Encourages democratic control through the state and local authority and profits are not to a limited number of shareholders.
sharon kalunda answered the question on March 1, 2019 at 10:52
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