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(a) Name a state-owned enterprise in the 'production' category: ESB (b) Explain two reasons for state involvement in this category: - Leaving Cert Business - Question 10 - 2007
Question 10
(a) Name a state-owned enterprise in the 'production' category: ESB (b) Explain two reasons for state involvement in this category:
Worked Solution & Example Answer:(a) Name a state-owned enterprise in the 'production' category: ESB (b) Explain two reasons for state involvement in this category: - Leaving Cert Business - Question 10 - 2007
Step 1
Name a state-owned enterprise in the 'production' category:
Answer
A state-owned enterprise in the 'production' category is the ESB (Electricity Supply Board). This organization is responsible for the generation and supply of electricity in Ireland, playing a crucial role in the energy production sector.
Step 2
Explain two reasons for state involvement in this category:
Answer
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Essential Service: State involvement in the production category is crucial because essential services like electricity are necessary for the functioning of society. Ensuring that all citizens have access to reliable energy is a priority for maintaining public welfare and economic stability.
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Economic Infrastructure/Development: State enterprises often invest in economic infrastructure, such as energy production facilities, which can foster economic growth. By managing resources and services that support industries and communities, the state can drive development and create job opportunities, contributing to overall economic progress.