Question

Explain how public sector contributes to the economic development of the nation...​

Answer 1

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The public sector contributes to ecomonic development in the following ways:

1.) It provides various services and facilities to the people like construction of bridges,dams, roads, etc where heavy spending is required.

2.) By providing such services the government can ensure that small-scale industries and factories can continue to run, increasing the amount of goods produced and contributing to the GDP.

3.) By providing basic services such as health, education, food security, etc.

Answer 2

HEY MATE,

Public sector is an important sector for the development of economy.

(i) There are several things needed by the society as a whole but which the private sector will not provide at a reasonable cost. As huge sum of amount is needed which private sector can not afford, so public sector is needed there. For example, building bridges, railway etc.

(ii) There are several basic activities which government has to support, for example, selling electricity at lower cost, providing drinking water at affordable rate etc.

(iii) There are some activities which government has to perform like providing health and education facilities. So public sector is needed.

Hope it helps..If it helped...Brainliest pls..

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