Question

Describe the significance of public sector.

Answer 1

Heya _______

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It is important to have Public Sector in our society because,The public sector provides many essential things at quite a reasonable cost which the private sector cannot.The public sector has the benefit of the people above everything because its purpose is not to earn profits but to benefit the people at all costs.The public sector can set up heavy industries, which require a lot of money, but private sectors cannot do do.The public sector is mainly held by the government, which so often bears some of the cost for the benefit of the public,especially for poor people.The public sector ,mainly held and controlled by the government provides health and educational facilities free of cost or at the very nominal price.


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Answer 2

Hey there how are you?

1. Regional Development : Private sector usually neglect backward area. But public sector organisations set up their units in economically backward areas. By this public sector removes regional imbalance & brings regional development.

AND 

2. Employment : Various public sectors operating in India needs lot of manpower & this provide employment to unlimited individuals according to their education, experience & abilities.

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