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1. Promoting capital formation: Capital formation is a fundamental requirement for economic development. Private savings are very low in the underdeveloped countries in view of the low income of the people. Therefore, there is a need for generation of savings by the government. Developing countries have to depend primarily on government to mobilize domestic resources during the early stages of economic development. The government has a major role to play in promoting capital formation.
2. Development of Economic Infrastructure: Provision of economic infrastructure is mostly the responsibility of the government. Key economic services, called infrastructure, like railways,
road transport, communication network, roads, bridges, irrigation works, gas, electricity, etc. are very essential for economic development. The absence of infrastructure can reduce economic development.
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Periods, body growth, acne, etc
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