Role of Government in Economic Development
Journal Title: Journal Global Values A Peer Reviewed International Journal - Year 2018, Vol 0, Issue 1
Abstract
The purpose of the study is to identify the Role of Government in Economic Development. In modern times, the state has to play a vital and ever-expanding role to accelerate process of economic growth. Most of the countries are struggling hard to get rid of poverty and to attain higher living standards. In an underdeveloped economy, there is a circular constellation of forces tending to act and react upon one another, in such a way as to keep a poor country in a stationary state of under-development equilibrium. The vicious circle of under-developed equilibrium can be broken only by a comprehensive government planning of the process of economic development. The major emphasis of this paper are an Government measures to promote economic development and provision of economic and social overheads, provision of financial facilities and the direct participation and indirect measures.
Authors and Affiliations
Sulakshna km, Sachin Singh
Keywords
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