Question

Explain how public sector contributes to the economic development of a nation.

Answer 1

Public sector contributes to the economic development of a nation in the following manner:

1. Public sector helps in preparation of strong industrial base,
2. It generates employment opportunities.
3. It provides basic and essential facilities.
4. It provides financial support for development.
5. It provides all the necessary facilities, such as- food, clothes, housing and health facilities, at a reasonable rate.