Question

Explain the role of public sector contributes to economic development

Answer 1

Hey mate!

I am here with your answer!

Government plays a central role in supporting economic growth and reducing poverty. It needs to provide good policy, strong institutions and efficient public goods and services to ensure the private sector can thrive and the benefits of growth reach all citizens.

Public sector has an important role to play in capital formation. It also helps in the flow of goods and services in the economy. ... Apart from it public sector has also been able to create an infrastructure like transportation, communications, and power development.

Hope it helps you!