define public sector. describe the significance of public sector
Answers
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, ...
describe the significance of public sector
By employing productive resources, the public sector provides most of the public goods, like primary education, public health, drinking water, social services, child nutrition, women and labour welfare, social security, sanitation, poverty eradication, road, defence, etc
Answer:
Public sector means the part of the economy that is publicly owned as distinct from those owned by private individuals or firms. It has a number of absolutely essential functions. As privately owned organizations or firms will not provide these public goods, the public sector has to assume such responsibility
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