Question

2. What is the role of Public sector in development? Explain why public sector's role in economic
development cannot be taken up by private sector in an economy. (3+2=5 MARKS)​

Answer 1

Answer:

Public sector activities are controlled and managed by government. It focuses on the public development. It's motive is welfare motive. It's facilities are also sometimes need huge investment. It provides facilities in reasonable price. By being developed by public institutes also increases the lifestyle of that person increasing the per capita income of country.

Private sector cannot take up the activities of public sector because it focuses on its profit. Also it cannot invest as the public sector do.

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