Class 10 Social Science - Understanding Economic Development - Chapter Sectors of the Indian Economy NCERT Solutions | Explain how public sector contributes to

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Question 21

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

Answer

The public sector contributes to the economic development of a nation in the following ways:
- It promotes rapid economic development through creation and expansion of infrastructure.
- It creates employment opportunities.

- It contributes to the human development index via health and educational services.
- It ensure equality of income, wealth and thus, a balanced regional development.
- It ensures easy availability of goods at affordable prices.

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