explain how public sector contributes to the economic development of a national. .
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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.
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.
shelluu777:
hhaa where do u live ? ? ?
okk I don't know anything about that place
anyway gud
I have heard about india but not haryana
hhaaa
what's the time there???
Answered by
2
Answer:
.How public sector contributes to economic
development?
Ans. 1. it promotes economic infrastructure: Railway,
road construction and Port construction.
2. it promote social infrastructure: Hospitals,
Educational Institutes, housing facilities.
3. it create employment.
4. It promote technology and Research.
5. To made every citizen literate and healthy.
6. it ensures availability of goods at moderate rates.
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