Explain any three points of importance of public sector in our society.
Answers
public sector means the companies in which the government holds 51% or more shares is known as public sector.
so from this statement we can understand that
1.they aim for the development of the country.
2.rather than focusing on profit making they focus on public welfare.
3.to provide employment and optimum utilization of resources..
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Answer:
the public sector contributes to the economic development of a nation in the following ways
1) improving infrastructure economic development depend upon the creation of basic infrastructure such as transportation communications irrigation education etc
2) export promotion a large number of public enterprise have been set up to promote India export.
3) Reduction in regional disparities the government sets up industries in underdeveloped region to reduce and overcome regional disparities in development.