How does government help industries economically?

1.	How does government help industries economically?
Answer» Economic help: Government provides various types of economic helps to industries to reduce their production cost. This helps the domestic industries to reduce their production costs and sell their products in international market at competitive prices with products of other countries. The various forms in which the government provides economic help could be providing concession on land rates, water, electricity, telephone, transport charges, etc. It may also provide finance at a subsidized rate and various other subsidies.

Answer»

Economic help:

Government provides various types of economic helps to industries to reduce their production cost.
This helps the domestic industries to reduce their production costs and sell their products in international market at competitive prices with products of other countries.
The various forms in which the government provides economic help could be providing concession on land rates, water, electricity, telephone, transport charges, etc. It may also provide finance at a subsidized rate and various other subsidies.

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