Why is public sector important ? Why government role in economy
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The public sector role in the economic development is, therefore, very vast and all pervading. It includes, maintaining public services, influencing attitudes, shaping economic institutions, influencing the use of resources, provision of basic amenities, and the fair distribution of income
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One of the most important reason is to ensure rapid growth of the economy. ... As the public sectors are to be set up in the different regions of the country that will help the growth of economy in all the regions. For the performance of economic development public sector can also provide funds.
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