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Highlight four reasons for government involvement in business.

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  • Provide subsidized essential services/at low cost
  • To protect citizens from exploitation
  • To create employment
  • To earn revenue
  • To stimulate economic growth
  • To provide commodities that are too sensitive to be left in the hands of private investors e.g. printing of money and manufacture of firearms
  • To prevent foreign dominance of the local economy
  • To provide commodities which private investors are unwilling to venture into due to low profit
  • Safeguard national interest by controlling strategic industries
  • To attract foreign investment
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