Question

explain with suitable example how public sector contributes to the economic development of the nation​

Answer 1

Answer:

it promotes rapid economic development through creation and expansion infrastructure

Answer 2

The public sector contributes to ecomonic development in the following ways:

1.) It provides various services and facilities to the people like construction of bridges,dams, roads, etc where heavy spending is required.

2.) By providing such services the government can ensure that small-scale industries and factories can continue to run, increasing the amount of goods produced and contributing to the GDP.

3.) By providing basic services such as health, education, food security, etc.