"Public enterprises play a dynamic role in economy

cbse
publicprivate-global

#1

“Public enterprises play a dynamic role in economy. They help in reducing the economic
inequalities in the country”. What values are served by the quoted lines?


#2

Public enterprises are established to check over the concentration of economic power as in early stages, there were few industrial houses in private sector which were willing to invest in heavy industries. As a result, the wealth got concentrated in few hands and monopolistic practices were encouraged. In order to recover, public sector started setting large industries and thus, the benefits and income are shared among large number of employees and workers. This way public enterprises help in reducing the economic inequalities in the country.