Question

Explain how public sector contribute to the economic development of a nation. ch 2 0 economic

Answer 1

1) It creates employment opportunities. 2)it generates financial development of country 3.it is enjuring quality of income, wealth and thus and balance for Economic development of country

Answer 2

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It contributes in the following ways

1. It promotes rapid economic development through creation and expansion of infrastructure.

2. It creates employment opportunities.

3. It generates financial resources for development.

4. It is ensuring equality of income, wealth and thus, a balanced regional development.

5. It encourages development of small, medium and cottage industries .as ancillaries.

 

6. It ensures easy availability of goods at moderate rates.

7. It contributes to community development i.e., to the Human Development Index (HDI) via health and educational services.



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