In this age of Globalisation, there is a need for every nation in the world to perform well economically. With the improvements in science and technology and the raising standards of living worldwide, ensuring economic development assumes primary importance in the policies of every nation.
While striving for economic development, every nation takes steps necessary for the implementation of its ambitious plans. But more often than not, these plans cannot be affected successfully throughout the nation. There are always shortcomings in these economic plans. Every nation wants to give its industries ample facilities for efficient production of goods and services and in order to make them globally competitive in terms of price and quality. Some of these facilities can be used by all industries throughout the nation. But sometimes, some facilities cannot be given on account of reasons like the geographical extent and the possibility of misuse.
For Example: If a country wants to give subsidized power to a specific industry, it cannot do so throughout the nation as keeping a check on whether the subsidized power is going to the right people or not is a Herculean task.
