Question

Explain how the public sector contribute to the economic development of nation

Answer 1

Answer:

Through its investments in education and health, public sector improves quality of our lives. Apart from this, provisions of safe drinking water ,houses for poor ,food and nutrition for children,also nurtures fundamental rights, which later results in great economic developement.

Hope it's help you

Answer 2

☘️ Answer:

In the public sector, ownership of assets and delivery of services is under the government. The government spends huge amounts of money in providing various services to the public at reasonable costs.

The government thus contributes towards the economic development of the nation:

By development of infrastructure, i.e.,

1. Construction of roads, national highways, flyovers, metro-rails, railway lines, irrigation through dams, etc.
2. The government provides an impetus to industrial growth by supplying electricity at affordable rates.
3. By running schools and providing good quality of education, the government is trying to remove illiteracy and taking the nation forward.