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They have the ability to influence inflation / deflation and so setting a price in different areas which probably can lead to a development depending on the circumstances. This was an example of the national development and the role of public enterprises within that. However they also play an important part in the economic development of an area / a country. They influence spending and have got the 'power' to change services in (rural mostly) areas.

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What are the need to have public enterprises?

Public enterprises are need to help accelerate economic growth. These public enterprises give balance and diversity to the development of the economy.


Role of public enterprise in national and economic development?

public enterprise national development can be use as vehicle for social equity i.e Allocation income redistribution, establization.


What are contributions that enterprises make to the development of an economy?

Enterprises contribute to economic development by creating jobs, which reduces unemployment and increases disposable income for households. They drive innovation through research and development, leading to new products and technologies that enhance productivity. Additionally, enterprises generate tax revenues for governments, which can be reinvested in public services and infrastructure. Overall, their activities stimulate economic growth and improve living standards.


Mixed economy?

A mixed economy is a type of economic system. It is characterized by a system that is between public and private enterprises.


What are the roles of national security in socioeconomic development?

National security plays a crucial role in socioeconomic development by fostering a stable environment that encourages investment and economic growth. A secure nation is better positioned to attract foreign direct investment, which can lead to job creation and infrastructure development. Additionally, effective national security helps protect resources and maintain public order, ensuring that citizens can engage in economic activities without fear of disruption. Ultimately, a strong national security framework supports sustainable development by promoting social stability and resilience against external threats.

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