How does public sector help in the development of a country? Explain.
The public sector helps in the development of a country in the following ways.
1. It provides basic health and educational services in the country by establishing hospitals and schools for the poor and the needy.
2. It provides water, postal services, electricity, irrigation etc. at low rates and ensures that people have a good living.
3. It protects the poorer sections by buying wheat and rice at 'fair price' from the farmers and stock them in godowns. These are then sold to the consumers at lower price through ration shops.
1. It provides basic health and educational services in the country by establishing hospitals and schools for the poor and the needy.
2. It provides water, postal services, electricity, irrigation etc. at low rates and ensures that people have a good living.
3. It protects the poorer sections by buying wheat and rice at 'fair price' from the farmers and stock them in godowns. These are then sold to the consumers at lower price through ration shops.