The role of private sector involvement in Economic growth

[nngella]

One of the major role of private sector in economic growth is public-private partnership (PPP).  The government wants to have a public service that needs to be provided to the public, however, they do not have sufficient resources to provide the said service (i.e., roads, bridges, railways, airports).  Hence, they engage the private sector to build the infrastructures in return of some profit.

[MissNonFall9]

Do you know that a private sector there are the one of the Major group that causes hardship in exercise if economy of a country happened to be bad the private sectors who are business owners are the one that is Skyrocket the hardship of a particular Society in a country so if it is not well controlled by the government there will be the one to Skyrocket the danger in Society

Obviously with everything there are pros and cons that should be considered if we want a balanced functioning society.

Private sectors are usually the ones who initiate the newest inventions and innovations as they are driving and aiming for profit. This create jobs which give so much opportunities to a lot of people however these private sectors are problems for the overall  state of the society as they usually just considers profit of their organization and nothing else.

Business is the primitive occupation through which traders earn profit in return for providing some benefit (goods or services). We get many benefits including employment for the unemployed people of the society through the private sector or whatever other disadvantages there are in the organization. We have also seen that there were many government institutions in the country that were not making any profit but when they were put under the control of autonomous or private companies they started making huge profits which played a great role in the economy of the country. So whatever other difficulties there may be through the private sector it plays a very good role in the interest of the country.

When a private individual pools out funds to create an innovation and make available that which the government cannot offer, he is incharge and can control it whichever way he wants. It becomes worse if such an individual has a total monopoly over that line of business or innovation as there are chances that he will abuse the power he has. This is where the government comes in.

Any government that has the interest of the people at heart will ensure they monitor all economic activities going on under their jurisdiction, public sectors inclusive.  The issue of exploitation of employees and customers, untold hardships on the masses, unwarranted price hike, artificial scarcity and the rest of them would not be heard of if there are regulations and standard government agencies on ground to ensure that the private sectors do not abuse the powers granted them.

The private sectors are unarguably very important to the internal and external growth of a country, but if they are not properly controlled, the masses will suffer.

It is right what you said and often seen that the private sector tries to make illegal profits by creating artificial crises through syndicates which are controlled by the government to reduce the suffering of the general people.
See if the government wants then solving any kind of problem in the country will not be a big deal. But the problem is when the field fence eats the grain, how else to solve the problem? The government is most of the time saving its interests by pretending to keep the interests of the people at heart. And in a country like mine when the government and the opposition government are busy condemning without any constructive criticism then I can't say anything else. So please don't get me wrong. Because I also want the government to understand the sufferings of the people of the country and take proper measures for them, then it will be seen that many small businessmen in the country can raise their heads and take part in the economic growth of the country.

[Adiljutt156]

Do you know that a private sector there are the one of the Major group that causes hardship in exercise if economy of a country happened to be bad the private sectors who are business owners are the one that is Skyrocket the hardship of a particular Society in a country so if it is not well controlled by the government there will be the one to Skyrocket the danger in Society

Obviously with everything there are pros and cons that should be considered if we want a balanced functioning society.

Private sectors are usually the ones who initiate the newest inventions and innovations as they are driving and aiming for profit. This create jobs which give so much opportunities to a lot of people however these private sectors are problems for the overall  state of the society as they usually just considers profit of their organization and nothing else.

Business is the primitive occupation through which traders earn profit in return for providing some benefit (goods or services). We get many benefits including employment for the unemployed people of the society through the private sector or whatever other disadvantages there are in the organization. We have also seen that there were many government institutions in the country that were not making any profit but when they were put under the control of autonomous or private companies they started making huge profits which played a great role in the economy of the country. So whatever other difficulties there may be through the private sector it plays a very good role in the interest of the country.

When a private individual pools out funds to create an innovation and make available that which the government cannot offer, he is incharge and can control it whichever way he wants. It becomes worse if such an individual has a total monopoly over that line of business or innovation as there are chances that he will abuse the power he has. This is where the government comes in.

Any government that has the interest of the people at heart will ensure they monitor all economic activities going on under their jurisdiction, public sectors inclusive.  The issue of exploitation of employees and customers, untold hardships on the masses, unwarranted price hike, artificial scarcity and the rest of them would not be heard of if there are regulations and standard government agencies on ground to ensure that the private sectors do not abuse the powers granted them.

The private sectors are unarguably very important to the internal and external growth of a country, but if they are not properly controlled, the masses will suffer.

It is right what you said and often seen that the private sector tries to make illegal profits by creating artificial crises through syndicates which are controlled by the government to reduce the suffering of the general people.
See if the government wants then solving any kind of problem in the country will not be a big deal. But the problem is when the field fence eats the grain, how else to solve the problem? The government is most of the time saving its interests by pretending to keep the interests of the people at heart. And in a country like mine when the government and the opposition government are busy condemning without any constructive criticism then I can't say anything else. So please don't get me wrong. Because I also want the government to understand the sufferings of the people of the country and take proper measures for them, then it will be seen that many small businessmen in the country can raise their heads and take part in the economic growth of the country.

In my country,the same thing is happening again and again and there is no change. In last year , government provide relief to farmers but farmers take miss advantage to that policy. Government announced the rate of wheat and the farmers came in greed and they didn't sell their wheat and the wheat price go up and public faced crises .But now government take good step for country and they buy wheat from outside and now the price of wheat are very low. In last year, most poor people faced hard circumstances but now they are happy with the step of government. The point is government can handle every situation with wisdom if they are in the favour of country.

[RockBell]

The role of private companies is very important in economic growth because the existence of private companies can reduce unemployment in a country and increase state income from taxes. Moreover, if the private company is large, the contribution in taxes will also be large, which can later be used by the state to improve the economic welfare of its people.

The public and private sectors each serve distinct functions and collaborate with one another. And, to some extent, the private sector has played a significant role in the country's economic development; they have not done everything, but they have contributed. And, while the housing sector has made significant efforts to assist individuals in obtaining homes, the majority of houses are now out of reach for regular people due to their high cost. Aside the reduction in unemployment their are other sectors they have also contributed even in health. Most of the companies have offered free check ups for people. The economy benefited, as did the people. The company's tax rate will vary depending on its size.

The government genuinely benefits from the private sector. Just that the government's policy is not always friendly to these companies, so some of them may want to leave that country due to taxes, so they will want to try other countries with cheaper labor and a fair tax. The tax is supposed to be used for the improvement of the country but who knows what they do with the money they collect.

[AmoreJaz]

The role of private companies is very important in economic growth because the existence of private companies can reduce unemployment in a country and increase state income from taxes. Moreover, if the private company is large, the contribution in taxes will also be large, which can later be used by the state to improve the economic welfare of its people.

The public and private sectors each serve distinct functions and collaborate with one another. And, to some extent, the private sector has played a significant role in the country's economic development; they have not done everything, but they have contributed. And, while the housing sector has made significant efforts to assist individuals in obtaining homes, the majority of houses are now out of reach for regular people due to their high cost. Aside the reduction in unemployment their are other sectors they have also contributed even in health. Most of the companies have offered free check ups for people. The economy benefited, as did the people. The company's tax rate will vary depending on its size.

The government genuinely benefits from the private sector. Just that the government's policy is not always friendly to these companies, so some of them may want to leave that country due to taxes, so they will want to try other countries with cheaper labor and a fair tax. The tax is supposed to be used for the improvement of the country but who knows what they do with the money they collect.

We can't deny the fact that the private sector is also vital in the economic progress of any government. As they have their own mission to accomplish in the business, they make sure they have all the resources to achieve such mission. And along with such accomplishments are also people in these companies that are also earning, and so they are the ones comprising the community. With good income, comes with good economy.

[redsun114]

The public and private sectors each serve distinct functions and collaborate with one another. And, to some extent, the private sector has played a significant role in the country's economic development; they have not done everything, but they have contributed. And, while the housing sector has made significant efforts to assist individuals in obtaining homes, the majority of houses are now out of reach for regular people due to their high cost. Aside the reduction in unemployment their are other sectors they have also contributed even in health. Most of the companies have offered free check ups for people. The economy benefited, as did the people. The company's tax rate will vary depending on its size.

The government genuinely benefits from the private sector. Just that the government's policy is not always friendly to these companies, so some of them may want to leave that country due to taxes, so they will want to try other countries with cheaper labor and a fair tax. The tax is supposed to be used for the improvement of the country but who knows what they do with the money they collect.

My point of view is quite different. I think the private sectors mostly fill their pockets. Inflation is very high in every sector be it medical or education.

Poor children cannot go to private hospitals or private schools because the fees are too high. And what you mentioned is that private sectors are providing free services, as far as I have seen and observed, the public is being badly humiliated when private sectors are providing some things for free for their own publicity. The same is the case with the government today, especially in our own country, because I can only talk about what I have observed, so I am talking about my own country.

The era may have passed when the private and public sectors used to do something to serve the public, now it seems that someone is acting only for himself and for his interest. Many people may have different opinions because we all belong to different countries, so everyone can only tell what they have observed, I am only describing the situations that happened to me or I have seen them happening.

[MissNonFall9]

Do you know that a private sector there are the one of the Major group that causes hardship in exercise if economy of a country happened to be bad the private sectors who are business owners are the one that is Skyrocket the hardship of a particular Society in a country so if it is not well controlled by the government there will be the one to Skyrocket the danger in Society

Obviously with everything there are pros and cons that should be considered if we want a balanced functioning society.

Private sectors are usually the ones who initiate the newest inventions and innovations as they are driving and aiming for profit. This create jobs which give so much opportunities to a lot of people however these private sectors are problems for the overall  state of the society as they usually just considers profit of their organization and nothing else.

Business is the primitive occupation through which traders earn profit in return for providing some benefit (goods or services). We get many benefits including employment for the unemployed people of the society through the private sector or whatever other disadvantages there are in the organization. We have also seen that there were many government institutions in the country that were not making any profit but when they were put under the control of autonomous or private companies they started making huge profits which played a great role in the economy of the country. So whatever other difficulties there may be through the private sector it plays a very good role in the interest of the country.

When a private individual pools out funds to create an innovation and make available that which the government cannot offer, he is incharge and can control it whichever way he wants. It becomes worse if such an individual has a total monopoly over that line of business or innovation as there are chances that he will abuse the power he has. This is where the government comes in.

Any government that has the interest of the people at heart will ensure they monitor all economic activities going on under their jurisdiction, public sectors inclusive.  The issue of exploitation of employees and customers, untold hardships on the masses, unwarranted price hike, artificial scarcity and the rest of them would not be heard of if there are regulations and standard government agencies on ground to ensure that the private sectors do not abuse the powers granted them.

The private sectors are unarguably very important to the internal and external growth of a country, but if they are not properly controlled, the masses will suffer.

It is right what you said and often seen that the private sector tries to make illegal profits by creating artificial crises through syndicates which are controlled by the government to reduce the suffering of the general people.
See if the government wants then solving any kind of problem in the country will not be a big deal. But the problem is when the field fence eats the grain, how else to solve the problem? The government is most of the time saving its interests by pretending to keep the interests of the people at heart. And in a country like mine when the government and the opposition government are busy condemning without any constructive criticism then I can't say anything else. So please don't get me wrong. Because I also want the government to understand the sufferings of the people of the country and take proper measures for them, then it will be seen that many small businessmen in the country can raise their heads and take part in the economic growth of the country.

In my country,the same thing is happening again and again and there is no change. In last year , government provide relief to farmers but farmers take miss advantage to that policy. Government announced the rate of wheat and the farmers came in greed and they didn't sell their wheat and the wheat price go up and public faced crises .But now government take good step for country and they buy wheat from outside and now the price of wheat are very low. In last year, most poor people faced hard circumstances but now they are happy with the step of government. The point is government can handle every situation with wisdom if they are in the favour of country.

It is an authentic truth that if the government gives its full attention to the needs of the country's people then there will be no more regrets among the people of the country. But due to the corruption of most of the government systems the people of the country do not get many of the civic benefits or remain deprived. However the private sector plays a major role in the development of a country. It is undeniable that if the government provides all the business opportunities to the private sector along with entrepreneurship then the development of all the private sectors will be accelerated.

[sekalitas]

Private sector refers to business owned and manege by individuals which are not government funded, private sector include business, companies, commercial banks etc which are owned and manege by private individuals who has nothing to do with government for the purpose of profit making

The role of private sector in developing the economy of any country is very crucial and important as the role of government in society is for protection of life and property and creating the right environment for business to strive
All over the world it's private sector that has helped the economy of nations, private sector involvement is needed for economic stabilization as government only can't do this alone

Private individuals are encouraged to start up business for the purpose of profit making in so doing they're in turn creating wealth
Let take an example of say an individual who is interested in sports business and brings out money to setup a football team, first the person will start by employing young youths and them of the street and labour market and at least for a football team to be set up you must need at least fifty individuals from the players to the couching Crew to the backroom staff then  the team that has been setup will need a stadium where they will be playing their match's so they will set up a structure in form of a stadium and this newly built stadium needs to be cleaned and and we'll taken care of so more people are to be employed again and salaries will be paid to them at the end of the month

So while the owner of the business who is profit oriented gets his return for investment when the team wins a league title or from transfer of players and from tickets sold to fans who come and watch their match's he has created wealth to his employees by way of paying them salaries which in turn translate to economic growth

I agree with you because in my opinion. Private sector is essential for the economy , especially SMEs . In my country , we have a "bonus demographic" so we need a lot of SMEs to absorb the workforce. The downside is that most SMEs often pay below minimum wages.
As for government sector jobs , the competition is extremely high. like the ratio might be 1:1024 , so for one position , you have to compete with one thousand other candidates. Based on this , I think we need private sector.

[boty]

We can't deny the fact that the private sector is also vital in the economic progress of any government. As they have their own mission to accomplish in the business, they make sure they have all the resources to achieve such mission. And along with such accomplishments are also people in these companies that are also earning, and so they are the ones comprising the community. With good income, comes with good economy.

Both the government and the private sector will benefit from this, as you said, it is very true that with the private sector helping the government in providing jobs, of course this will be able to provide these workers with income from the work they do, of course this will be able to make the economy more productive. good for the community, because if we only rely on the government to provide jobs, of course this will be very difficult to do without help from the global sector.

[Yatsan]

Taxes and job opportunities are the two main contributions of private sectors when it comes on economic growth. Not all countries, especially those in the third world, has the financial capability to give more job opportunities to their people and this one is being aided by private companies or sector.Another is in form of taxes wherein for them to operate they need to comply with registrations on the local government and that includes fees. Well, it is a mutual relationship also. Private companies get the opportunity to generate profit from their businesses on their target countries. Everything's studied therefore they know that they will be making more than how much they would be putting into it.

One of the major role of private sector in economic growth is public-private partnership (PPP).  The government wants to have a public service that needs to be provided to the public, however, they do not have sufficient resources to provide the said service (i.e., roads, bridges, railways, airports).  Hence, they engage the private sector to build the infrastructures in return of some profit.

Indeed one of the best examples. In the country where I live, railways are one of their biggest contribution. It is being used on a daily basis which makes it simply profitable and same goes with government sector who are earning a percentage from its profit.

[Huppercase]

Private sector refers to business owned and manege by individuals which are not government funded, private sector include business, companies, commercial banks etc which are owned and manege by private individuals who has nothing to do with government for the purpose of profit making

Private sectors can't survive without the intervention of the government, in fact many successful private sectors that you see around today that are successful has their funding one or the other from government individuals and groups but what they do is that they don't operate the companies rather they allowed it to be manage by other people because name matters sometimes in business, some names in a company can make or break a company, some people wouldn't want to have anything to do with a business if a particular person person or group are involved.

The role of private sector in developing the economy of any country is very crucial and important as the role of government in society is for protection of life and property and creating the right environment for business to strive
All over the world it's private sector that has helped the economy of nations, private sector involvement is needed for economic stabilization as government only can't do this alone

That's some of private sector objectives but a private sector can't do alone if the government policy isn't favorable, a government policy determines how far a private sector can go, if government has a high interest rate, many business wouldn't go far because the need for urgent  liquidity is going to be a problem due to high interest rate, if the government has high inflation, most business and companies will fold up immediately. I think for private sector to add growth to economy, that depend on the impact of the government to the economy as well.

[Obulis]

In reality, the driving force behind a nations economy is the private sector. The government is charged with the objective of providing basic amenities of which security is paramount (financially physically etc) to give individuals what it takes to start up with full assurance that at least the government is doing its best.

With this on ground, the government duty again is to go about checking compliance of this businesses to national integrity and status quo. To ensure progressive growth and to give assistance where necessary (loan and special skills etc)....
Private sectors actually is the building blocks of a nations economy (even invention and innovation of sciences and technologies which speaks more about development are mostly done by private sector)

[Leomiles]

While the government plays a vital role in providing a supportive environment and safety net, it is the private sector that truly drives economic growth and creates wealth. By encouraging private enterprise and innovation, we can unlock the full potential of our economy and create a brighter future for all.

[MissNonFall9]

We can't deny the fact that the private sector is also vital in the economic progress of any government. As they have their own mission to accomplish in the business, they make sure they have all the resources to achieve such mission. And along with such accomplishments are also people in these companies that are also earning, and so they are the ones comprising the community. With good income, comes with good economy.

Both the government and the private sector will benefit from this, as you said, it is very true that with the private sector helping the government in providing jobs, of course this will be able to provide these workers with income from the work they do, of course this will be able to make the economy more productive. good for the community, because if we only rely on the government to provide jobs, of course this will be very difficult to do without help from the global sector.

For any country to achieve economic growth it takes the combined efforts of the public and private sectors to keep the wheels of the economy moving and sustainable. By maintaining the productivity of the export oriented industrial sector the private sector improves the economic situation of the country by attracting local and foreign investment. For this government support is very important to maintain a balanced business environment.