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

Public sector contributes to the economic development in various ways:

a) This sector creates more and more employment opportunity.

b) It ensures easy availability of goods and services at moderate rates.

c) It contributes to the development of community also.

d) Development of financial resources is also generated by this sector.

e) It encourages the development of small, medium and cottage industries which contribute in the development of a nation.