state any three importance of public enterprises
Answers
Answer:
Public enterprises are important for the establishment of basic and heavy industries. Defense production is generally done by public enterprises. Public utilities consists of services. They can be water supply, electricity, oil and gas, railways, airlines, public transport and telecommunications.
Explanation:
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Answer:
1. Planned development
2. Balanced development
3. Accelerating the rate of economic growth
Explanation:
1. Planned development: Its main aim is to promote economic and social development in the weaker section. It helps to run all the works of development in an efficient manner. It follows government plans and policies. It generally focuses on private sector. It also earns profit. It provides planned development by setting up industries too.
2. Balanced development: Development works are done in planned and balanced way. It also provides decentralization of industries. It tries to develop all regions in harmonious ways. Balanced development is the main aim of public enterprise
3. Accelerating the rate of economic growth: In developing countries, increasing the rate of economic growth always gets the first priority. It tries to remove deficiency of economy. It provides infrastructural facilities for economic development. It provides employment opportunities. Government invests the money. Amount of capital, technical empowerment and other facilities can be easily arranged by the government.