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okpalawalter8

Building and expressing infrastructure accelerates economic growth. As a result, more people have jobs. iii It brings in money to help fund future growth. Because it assures fair distribution of wealth, it helps to maintain a healthy regional economy. This is further explained below.

What is the public sector?

Generally, a segment of the economy that includes all government and government-controlled businesses.

In conclusion, The public sector's importance can not be over-emphasized as is there to cater to the people.

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anthougo

The contributions of the public sector to the economic development of society are numerous.

What are the public sector's contributions to economic development?

The public sector or governmental institutions are pivotal to social and economic development.

In the economic development of society, the public sector:

  • Promotes rapid economic growth.
  • Creates and maintains infrastructure.
  • Regulates the market participants.
  • Redistributes income to check inequality.

Thus, one cannot over-emphasize the contributions of the public sector to the economic development of society.

Learn more about the reason for the public sector's existence at https://brainly.com/question/27391845

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