Main reason for the public sector's involvement in the economy:

The main reason for the public sector's involvement in the economy is to ensure the provision of essential goods and services that may not be adequately provided by the private sector. This includes services such as healthcare, education, infrastructure, and social welfare programs. The public sector also plays a role in regulating and overseeing economic activities to ensure fair competition, consumer protection, and environmental sustainability. Additionally, the public sector may intervene in the economy to address market failures, promote economic stability, and achieve social and economic objectives such as reducing inequality and promoting sustainable development.

To correct for market failures