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Briefly Explain the Importance of Public Expenditure in the Industrial Development of Developing Countries. - Economics

Briefly explain the importance of public expenditure in the industrial development of developing countries.

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Solution

Public expenditure on infrastructural development improves the production efficiency of the industries and increases employment opportunities. For example, for developing a transport and communications network, generation and distribution of electricity, irrigation etc.

Concept: Concept for Public Expenditure
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