Question

What are public sector activities how does it lead to economic development of the country?

Answer 1

The public sector (also called the state sector) is the part of the economy composed of both publicservices and public enterprises. ... Organizations that are not part of the public sector are either a part of the private sector or voluntary sector.
1. It promotes rapid economic development through creation and expansion of infrastructure.
2. It creates employment opportunities.
3. It generates financial resources for development.
4. It is ensuring equality of income, wealth and thus, a balanced regional development.
5. It encourages development of small, medium and cottage industries .as ancillaries.
 6. It ensures easy availability of goods at moderate rates.
7. It contributes to community development i.e., to the Human Development Index (HDI) via health and educational services.