importance of public services in 12 points
Answers
Public sector is controlled, operated and run by the government. In this sector, the government owns most of the assets and provides all the services. The need of public sector is discussed below.
(i) Public sector activities are determined by consideration of social welfare and providing basic amenities for the people. Hence, profit motives are of secondary importance, whereas in private sector, activities are centered around profit motives and service is of secondary importance.
(ii) Public sector deals with either the production, ownership, sale, delivery, allocation of goods and services.
(iii) Public sector ensures development of the backward regions and classes.
Public services extend opportunities, protect the vulnerable, and improve everyone's quality of life. They are essential to our economic development and prosperity. They strengthen our communities and bind us together as a society
Public sector plays a vital role in the development of any economy. Public sector being the monopoly in the hands of government is considered to be very important organization. It has following importance:- (1) Economic Development: Economic development mainly depends upon industrial development.