Explain how Public Sector Contributes to the Economic Development of a Nation

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

Public sector contributes to the economic development of a nation in many way, in a Nation there is greate role of public sector without their contribution it's not possible to Functionalization of a country, here in below some points are describes that ways, Public Sector contributes to the economic development of a nation.

It generates financial resources for development.

It ensures equality of income, wealth and thus a balanced regional development.

It encourages the development of small, medium and cottage industries.

It ensures easy availability of goods at moderate rates.

Contributes to community development i.e., to the Human Development Index (HDI) via health and educational services.