Social Sciences, asked by vvkkharat25, 1 year ago

explain how public sector contributes to the economic develpoment

Answers

Answered by vamshi71
10
Public sector undertakes the activities which are important forthe development ofthe public in general and also which require huge amount of money. It provides the service at a lower rate. Government invests in construction of roads, bridges, railways, generating electricity, constructing dams and thus accelerating the economic development of a nation.

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Answered by ThisIsYourFriend
3

In the following ways, Public Sector contributes to the economic development of a nation.  

  1. It promotes rapid economic development through creation and expression of infrastructure.  
  2. It creates employment opportunities.  
  3. It generates financial resources for development.  
  4. It ensures equality of income, wealth and thus a balanced regional development.  
  5. It encourages the development of small, medium and cottage industries.  
  6. It ensures easy availability of goods at moderate rates.  
  7. Contributes to community development i.e., to the Human Development Index (HDI) via health and educational services.
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