Question

Explain the role of public sector in economic development?​

Answer 1

Answer:

Public sector investment on infrastructure sector like power, transportation, communication, basic and heavy industries, irrigation, education and technical training etc. has paved the way for agricultural and industrial development of the country leading to the overall development of the economy as a whole.

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Answer 2

Answer:

Public sector includes all sorts of government (central, state and local). It provides basic goods or services that are either not, or cannot be, provided by the private sector, for example schools, roads, etc. ... Public sector carries those activities that cannot be finance by private and those related to social welfare.