Saved Bookmarks
| 1. |
What is the role of government in sector for economic development? |
|
Answer» Fxtcd ways of providing loans to the poor.  i) It ensures rapid economic development.(ii) It promotes redistribution of Income and wealth.(iii) It develops industries which require huge investment.(iv) It ensures balanced regional growth.(v) It prevents concentration of economic power.(vi) It generates resources for development.(vii) It promotes import substitution.(viii) It generates employment.(ix) It helps in development of small-scale industries Role of public sector/government(i) It ensures rapid economic development.(ii) It promotes redistribution of Income and wealth.(iii) It develops industries which require huge investment.(iv) It ensures balanced regional growth.(v) It prevents concentration of economic power.(vi) It generates resources for development.(vii) It promotes import substitution.(viii) It generates employment.(ix) It helps in development of small-scale industries. |
|