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State ownership is regarded most desirable due to the following arguments.
1. Prevention of monopoly. This is the strong argument in favor of the nationalization that it abolishes the economic powers from the few monopolists. It thus enables the government to take steps for the welfare of the public.
2. Economics prosperity. Government is in a position to modernize the industry. Communication and transport for the best interest of the nation. So rapid growth of industries causes economic prosperity in the country.
3. Maximum-utilization of sources. All the oil, gases, minerals and other natural resources can be utilized maximum in order to achieve economic development.
4. Development of backward area. All the regions of the country can be developed equally under nationalization. Regional and social factors are considered preferential while governments decide regarding the location of new plant.
5. Improvement of the working conditions. Government improves the working conditions of the workers in nationalized industries. The state is interested in providing just rate of pay, security of service, other fringe benefits. So peaceful atmosphere can be maintained in the industrial field.
6. Economy. It enables the government to achieve economy in different field due to the coordination in numerous departments.
1. Prevention of monopoly. This is the strong argument in favor of the nationalization that it abolishes the economic powers from the few monopolists. It thus enables the government to take steps for the welfare of the public.
2. Economics prosperity. Government is in a position to modernize the industry. Communication and transport for the best interest of the nation. So rapid growth of industries causes economic prosperity in the country.
3. Maximum-utilization of sources. All the oil, gases, minerals and other natural resources can be utilized maximum in order to achieve economic development.
4. Development of backward area. All the regions of the country can be developed equally under nationalization. Regional and social factors are considered preferential while governments decide regarding the location of new plant.
5. Improvement of the working conditions. Government improves the working conditions of the workers in nationalized industries. The state is interested in providing just rate of pay, security of service, other fringe benefits. So peaceful atmosphere can be maintained in the industrial field.
6. Economy. It enables the government to achieve economy in different field due to the coordination in numerous departments.
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