Question

Explain how the publich sector contributes to the economic development of a nation

Answer 1

Answer:

n the following ways, Public Sector contributes to the economic development of a nation. (i) It promotes rapid economic development through creation and expression of infrastructure. (ii) It creates employment opportunities. ... (v) It encourages the development of small, medium and cottage industries.

Answer 2

Here is ur answer mate :

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

(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.

(v) It encourages the development of small, medium and cottage industries.

(vi) It ensures easy availability of goods at moderate rates. (vii) Contributes to community development i.e., to the Human Development Index (HDI) via health and educational services.

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