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Question -

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



Answer -

The public sector is the sector that comes under the government of India. The reason for the government to take responsibility for this sector is because the basic necessities of people including water, electricity, irrigation, all fall under this category. If these departments are left unattended, it will result in the downfall of the economy of a country because the growth of the country would stop. The economic development of a country depends upon the development of the people and if people are deprived of the basic necessities, the country’s economic development would be affected. Government encourages small and large industries to flourish and provides employment under this section.

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