Question

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

Answer 1

Answer:

(i) It promotes rapid economic development through creation and expression of infrastructure. (ii) It creates employment opportunities. (iii) It generates financial resources for development. (iv) It ensures equality of income, wealth and thus a balanced regional development.

Explanation:

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Answer 2

Answer:

(i) it promotes rapid economic development through creation and expression of infrastructure. (ii) it creates employment opportunities. (iii) it generates financial resources for development. (iv) it ensures equality of income, wealth and thus a balanced regional development