disadvantages of nationalized industries
Many times, when an industry is nationalized, the cost of managing the industry becomes quite expensive. Changes and improvements also move at a slower pace with increased bureaucracy.
Advantages of small scale industries are that they can be more personable. Small industries are better able to make their own rules than larger industries. Disadvantages are that they are often more expensive than large industries do have to fight to stay afloat.
what are the advantages of small scale industries?
Disadvantages of cottage industry Low output Lack of standardization, no common spare parts High cost of product
A nationalized industry is one that a government takes over, usually for a fair price in democratic countries, and is now owned and operated by the government. This was a trend that has now reversed itself. More often then not, many nations with government owned industries are making them into for profit enterprises.
Many times, when an industry is nationalized, the cost of managing the industry becomes quite expensive. Changes and improvements also move at a slower pace with increased bureaucracy.
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nationalized
industries and their disadvantages
Juan Peron
No, he said there was no need to nationalize banks and industries when he had already nationalized the people (into the military). He gave huge military contracts to industries and they couldn't be happier.
Advantages of small scale industries are that they can be more personable. Small industries are better able to make their own rules than larger industries. Disadvantages are that they are often more expensive than large industries do have to fight to stay afloat.
what are the advantages of small scale industries?
what are the disadvantages of cottage industry
has not been nationalized
The disadvantages of industrial policy are that it creates industries that are inefficient and causes unemployment increases internationally.
Ernest Darwin Simon has written: 'The anti-slum campaign' 'How to abolish the slums' 'The boards of nationalized industries' 'The rebuilding of Manchester'