What is the role of the private sector in the development of an economy

What is the role of the private sector in the development of an economy

  • Creation of employment
  • Delivers good and services
  • Undertakes investment
  • Encourage capital inflow
  • contributes to tax revenue
  • Encourage diversification
  • Increase the DGP of the economy
  • Improves balance of payment
  • Entrepreneurial development
  • Improves quality and quantity of goods and service
  • Lead to skill development
  • Promotion of self-reliance
  • Increase competition and efficiency
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