Economics · Public Sector and State Intervention
When does the government generally step into the private sector or assume direct control over an industry?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1If citizens' thoughts rely entirely on culture and refinement
- 2If the government must provide basic needs at reasonable prices exclusively through state shops
- 3If private enterprises refuse to produce any consumer goods and services
- 4If the scale of the industry is too massive or capital-intensive for private enterprise✓
Correct answer
If the scale of the industry is too massive or capital-intensive for private enterprise
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