How the public sector contributes more in the the development than private sector
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Answered by
1
Public sector is control by the government .
It provides the good facilities rather than private sector.
Wages are fixed in the public sector .
Timing is also fixed.
Security is provide to the worker
It provides the good facilities rather than private sector.
Wages are fixed in the public sector .
Timing is also fixed.
Security is provide to the worker
Answered by
6
In a country like India suffering from multi-dimensional problems, private sector is not in a position to make necessary effort for the development of its various sectors simultaneously.
Thus, In order to provide necessary support to the development strategy of the country, the public sector offers necessary minium push for bringing the economy to a path of self sustained growth.
Thus it is well recognised now that public sector plays a positive role in the industrial development of the country by laying down a sound foundation of industrial structure in the initial stage of its development.
Roles of public sector in development of a India:
# Promoting economic development at a rapid pace by filling gaps in the industrial structure.
# Promoting adequate infrastructural facilities for the growth of the economy.
# Checking monopolies and concentration of power in the hands of few;
# Promoting balanced regional development and diversifying natural resources and other infrastructural facilities in those less developed areas of the country
# Reducing the disparities in the distribution of income and wealth by bridging the gap between rich and the poor
# Creating and enhancing sufficient employment opportunities in different sectors by making heavy investments
# Attaining self-reliance in different technologies as per requirement
# Eliminating dependence on foreign aid and foreign technology
# Exercising social control and regulation through various public finance institutions
# Controlling the sensitive sectors such as distribution system, allocating the scarce imported goods rationally etc.
Thus, In order to provide necessary support to the development strategy of the country, the public sector offers necessary minium push for bringing the economy to a path of self sustained growth.
Thus it is well recognised now that public sector plays a positive role in the industrial development of the country by laying down a sound foundation of industrial structure in the initial stage of its development.
Roles of public sector in development of a India:
# Promoting economic development at a rapid pace by filling gaps in the industrial structure.
# Promoting adequate infrastructural facilities for the growth of the economy.
# Checking monopolies and concentration of power in the hands of few;
# Promoting balanced regional development and diversifying natural resources and other infrastructural facilities in those less developed areas of the country
# Reducing the disparities in the distribution of income and wealth by bridging the gap between rich and the poor
# Creating and enhancing sufficient employment opportunities in different sectors by making heavy investments
# Attaining self-reliance in different technologies as per requirement
# Eliminating dependence on foreign aid and foreign technology
# Exercising social control and regulation through various public finance institutions
# Controlling the sensitive sectors such as distribution system, allocating the scarce imported goods rationally etc.
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