Why do we need public sector? Explain how public sector contributes to economic development of a nation?
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Public sector means which are for people .Which are provided by the government. .Public sector contributes in many ways; It increases income of people, it ensures job opportunities; it contributes to the HDI (Human Development Index )by providing education and health facilities and by Launching Act eg. NREGA 2005
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The description and the circumstances given have been outlined in the following part of the clarification.
Explanation:
- Including both social as well as economic growth, the public administration remains significant. They have basic services such as water and power that are not supplied or delivered at high prices by the corporate companies.
- To encourage them to come forth, individuals offer healthcare and education establishments to economically as well as developmentally marginalized persons.
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