Question

state the importance of private enterprises in the economy​

Answer 1

Answer:

Private sector contributes about three-forth of the country's national income. Moreover, this sector also plays a vital role to increase gross domestic saving (CDS) and gross domestic capital formation'(GDCF) within the economy.

Answer 2

Answer:

The private sector is an important player in the economy due to the input it makes to the national income. Particularly, it delivers vital goods and services, contributes to tax revenues and ensures the efficient flow of capital.

Explanation:

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