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When a business venture requires investment of large sums of money which individual
entrepreneurs may not provide.
When the goods or services to be provided are essential to the welfare of the citizens.
When there is need to protect citizens from exploitation by private entrepreneurs.
When the government desires to create employment for the citizens.
When the government needs to generate income through revenue collection.
When there is need to safeguard national security.
When the venture is strategic but provides low profits hence unattractive to private
investors.
Where there are monopolies in the economy, the government gets involved in business
to increase competition.
Where there is need to balance regional development.
To reduce foreign dominance in the economy.
Where there is need to attract foreigh investment.
gideon1 answered the question on September 23, 2017 at 17:46
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