Question

In: Economics

which are strengths and weaknesses of public service port

which are strengths and weaknesses of public service port

Solutions

Expert Solution

Answer:
Strengths and weaknesses of public service port are mentioned below:
Advantages:

  • If decision are made logically and together these ports help in economic development of the country at higher pace.
  • As they are maintained by government even if a port is not generating money but strategically important, can keep on running.
  • Government can take strategic decision and develop multiple public port together it will help in trade efficient trade supply both export and import aspect of it.
  • They have access to favorable government policies as well like tax breaks on certain product. Lower interest rates on loans from state owned banks etc.

Disadvantages:

  • Their construction, management are mainly dependent on political determination.
  • There are high level of corruptions in public service port.
  • Services are not that user-friendly.
  • The lack of internal competition can lead to inefficiencient port administrationand lack of innovations.

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