Question

Though public sector is very essential for industries many public sector undertakings incur huge losses and are a drain on the economy is resources.

Discuss the usefulness of public sector undertakings in the light of this fact?​

Answer 1

hey!

_______

Though many public sector undertakings are incurring huge losses they are still very useful in the areas of strategic concerns and hazardous chemicals. Public sector undertaking are required for:-

°•☆>>>>>>>>>>°•☆•°<<<<<<<<<<<°•☆•°

• 1. Creation of a Strong Industrial Base.

• 2. Development of Infrastructure.

• 3. Development of Backward Areas.

• 4. To Mobilise Savings and Earn Foreign Exchange.

• 5. To Prevent Concentration of Economic Power.

• 6. To Promote Equality of Income and Wealth Distribution.

• 7. To Provide Employment.

• 8. To Promote Import Substitution.

•°☆>>>>>>>>>>>>>•°☆°•~~~~~~~~°•☆•°

•°○hope help u!!°•○

Answer 2

It is true that public sector undertakings incur huge losses and are a drain on the economy but without its presence we can't imagine the comforts and advantages that we receive, such as:

• Public sector is responsible for the health facilities that every citizen can get at a cheaper price.
• It is required for developing the infrastructure of basic human needs such as roads, bridges, supply of electricity.
• It provides basic facilities at a cheaper rate to all.