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Question
Explain how public sector contributes to the economic development of a nation.
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Solution
The public sector contributes significantly to a country’s economic development because its primary goal is not to make a profit. All critical activities are carried out in a general manner. Only the generic sector performs this function.
The public sector is responsible for activities that all members of society demand, such as the construction of roads, bridges, trains, ports, power, and the provision of irrigation facilities from dams, among others. The government is responsible for such high expenditures. The government buys wheat and rice to ensure that farmers receive fair prices. It stores it in its God-owned facilities and offers it to consumers at affordable costs through ration shops. In this way, the government helps both farmers and consumers.
The public sector also performs primary functions such as providing universal health care and education. It is the government’s responsibility to operate the school properly and provide quality education. In this regard, the public sector’s contribution to a country’s economic development is important.
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Fill in the blank using the correct option given in the bracket:
Most of the workers in the ______ sector enjoy job security. (organised/unorganised)
A research scholar looked at the working people in the city of Surat and found the following.
| Place of work | Nature of employment | Percentage of working people |
| In offices and factories registered with the government | Organised | 15 |
| Own shops, office, clinics in marketplaces with formal license | 15 | |
| People working on the street, construction workers, domestic workers | 20 | |
| Working in small workshops usually not registered with the government |
|
Complete the table. What is the percentage of workers in the unorganised sector in this city?
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| Well managed organisation | Badly managed organisation | |
| Public sector | ||
| Private Sector |
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The sector which is characterised by small and scattered units largely outside the control of the government is called:
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Examine the benefits that are enjoyed by the people working in the organized sector.
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