Question

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

Answer 1

Public sector means the work manged by a individual person
1)Now in this time more of the people where goes in business side so, it helps provides 30 to 50 per cent to GDP
2)This sector also decrease the umpolyment
3)This sector decrease the poverty shows the economic development
4)This sector makes the people fulfill there life joyful
5)example the great person ambani
I HOPE THIS WILL HELP YOU MARK ME BRAINLIEST

Answer 2

In public sector the government owns most of the assets and provide all the services to its citizen .
The public sector contributes to the economic development of a nation by :
1. Providing services that private sectors cannot provide at reasonable rate.The main aim of the private sector is to earn profit whereas the main aim of the public sector is public welfare . Some services need spending large sums of money , which is beyond the capacity of the private sector as well as collecting that large amount of money is a difficult task and even if they provide such services they would provide them at high cost that everyone would not be able to afford .

2. Public sector gives support : The private sector may not able to develop or run until government encourages it . For eg : selling electricity at the cost of generation may push up the costs of production of production of goods in many industries. Many small scale industries may have to shut down . Government here steps in and gives support by giving electricity at reasonable cost so that everyone can afford it . which private sector couldn't have done .

3. The government also spend money of education , health services by improving these facilities as it is one of the main aim of the government.

Thus , the above statement is true. 


hope this helps u !