changing role of public sector in modern age
Answers
Explanation:
Public sectors include public goods and governmental services such as the military, Law enforcement, infrastructure (public roads, bridges, tunnels, water supply, sewers, electrical grids, telecommunications, etc.), public transit, public education, along with health care and those working for the government itself,
Major Problems of Public Sector
Inefficient Management.
Lack of Efficiency.
Delayed Decisions.
Lack of Innovations.
Excessive Government Control.
Mounting Losses.
Political Interference.
Under Utilization of Capacity.
Public sector investment on infrastructure sector like power, transportation, communication, basic and heavy industries, irrigation, education and technical training etc. has paved the way for agricultural and industrial development of the country leading to the overall development of the economy as a whole.