The role of private sector involvement in Economic growth

[tabas]

Therefore if the private institutions can be coordinated with the government institutions of each country to achieve certain goals and objectives then it will be possible to achieve the economic growth of a country very easily and the internal environmental stability of the country will prevail.

Most of the private institutions and companies have always been coordinating with the government. All countries that have good economic growth or even those that are in developing nations. The role of the private sector is really big for the growth of any country. That is why they're given importance and some benefits as to their business and operations for the employment of their citizens and as well as to contribute to the GDP of a country. It's not just all about them being taxed but the help they're giving to the people and to the nation. People that don't like the private companies and are throwing nonsense arguments about them needs to face the reality of how they're helping their motherland.

[pusaka]

The private sector really helps the country to reduce unemployment and of course more than that. Every country always does something to attract investors' interest so that every country always collaborates to advance the business sector. I see that developed countries are always decorated with business sectors that grow so rapidly that they have quite a positive impact on the country.

Countries that have economic growth in the private sector will definitely be helped more and will slowly become more advanced because everyone in the country is no longer completely dependent on the government. Because they can work alone to make ends meet and to build their own future by continuing to work every day on what they are able to do in the field they have mastered. And I personally am actually quite happy if there are many citizens who are willing to work freelance without any ties to the government so that the government can focus on organizing the country's development and the infrastructure needed by its own citizens.

I see that in my country the private sector has a lot of contact with the government or companies that are the government, this intersects here in a negative sense where the government is always at the top or in other words there is intervention from the government, and in the end several sectors that were originally held by the private sector were taken over. by the government.
Maybe the government aims for them to get bigger income, but the problem is that there are people who are disadvantaged here. It would be better if the government and private sector worked together to encourage mutual progress, rather than competing unfairly. Because after all, something held by the government will be superior because they have strong reasons.

[justdimin]

Countries that have economic growth in the private sector will definitely be helped more and will slowly become more advanced because everyone in the country is no longer completely dependent on the government. Because they can work alone to make ends meet and to build their own future by continuing to work every day on what they are able to do in the field they have mastered. And I personally am actually quite happy if there are many citizens who are willing to work freelance without any ties to the government so that the government can focus on organizing the country's development and the infrastructure needed by its own citizens.

I would say that it depends on how you do it. If you make your companies grow by making everyone else poorer, then you are not going to get a good nation. Look at Amazon for the greatest example, a lot of the warehouse workers Amazon have make less than 40k, which is suitable to get welfare, small amount of course but still they are eligible to get a tiny more amount to make it 40k total. So if Amazon hires someone for 38k, then government pays 2k a year to that person. Not a rare situation, but not majority of their workers neither, most make 40k+ in many states, but it is not unheard of.

If we are talking that type of growth for companies, then yeah that is going to hurt the nation more than it helps, government is basically helping Amazon get richer, just put a minimum wage on yearly, or monthly, and make it so that nobody is poor. If amazon can't afford to pay 2k more to those people, then I don't know who can.

[MissNonFall9]

Therefore if the private institutions can be coordinated with the government institutions of each country to achieve certain goals and objectives then it will be possible to achieve the economic growth of a country very easily and the internal environmental stability of the country will prevail.

Most of the private institutions and companies have always been coordinating with the government. All countries that have good economic growth or even those that are in developing nations. The role of the private sector is really big for the growth of any country. That is why they're given importance and some benefits as to their business and operations for the employment of their citizens and as well as to contribute to the GDP of a country. It's not just all about them being taxed but the help they're giving to the people and to the nation. People that don't like the private companies and are throwing nonsense arguments about them needs to face the reality of how they're helping their motherland.

The words are right but there are still many countries in which despite providing adequate facilities to private institutions, the development of many countries is not progressing as per the expectations of the country. Also there are many business enterprises that are going to start their activities afresh because they do not get government supervision as well as collaborators and the development of the country is not accelerated enough. Therefore I think that if new private institutions are given opportunities within the country to maintain the development of the country then the development will take a new turn.

[CryptopreneurBrainboss]

Without the help of the private sector I don’t think many countries will survive, the reason why I said that is because of the way some countries' governments operate, some governments are very corrupt which leads to the people of the country not being able to survive, private sector is like another alternative for people to survive without depending on government assistance, there are many countries that the government did not employ many people but with the help of private sector they can be employed and get paid by the private sector to pay for their services without any assistance from government.

To support your motion I want to bring some examples, take a look at countries that have thriving private sector, the difference between the economy of the country is different from those depending on their government to do everything for them like in most third world countries. The government can't provide all the jobs, they can either make policies that'll favour the private sectors and make them very attractive to foreign investors to come in but for them to solve all the unemployment crisis is impossible. I don't think there's any country that don't have unemployment problems but the difference is the percentage of people that are unemployed and those employed that determine which country is doing better.

The high rate of birth is also a problem because many human beings are being introduced without enough jobs available because still have those turning adults and they need to  work. Roberts and AI are taking over jobs and people aren't advancing to meet up with the demand of the new jobs but still caught up with the assumptions that they'll go to college and come out to a job waiting for them.

[Agbamoni]

Not everything in a country can run by a government so which itself enough why we need private sectors to keep things in balance, of course government bend their rules in favour of them for whatever reasons while private sectors create job opportunities that again help someone to make money and they will spend the money they earned so that will obviously help in the development of economy in a country.

Without the help of the private sector I don’t think many countries will survive, the reason why I said that is because of the way some countries' governments operate, some governments are very corrupt which leads to the people of the country not being able to survive, private sector is like another alternative for people to survive without depending on government assistance, there are many countries that the government did not employ many people but with the help of private sector they can be employed and get paid by the private sector to pay for their services without any assistance from government.

We all know that the government has power over the private sector and the private must follow the rules and regulations that the government comes with but some private sectors are even doing better than the government sector, private sector make the people forget about the government and if you look at some countries today you will see that private sector things are doing well more than the government, even the government workers are taking their children to private schools.

At some point, I will agree with you. Because currently now, it is the private sectors that provide more job opportunities for the citizens. When it comes to the public sector that the government controls, the citizens don't get to even know how the applications and employment work. And, unfortunately, qualified citizens won't get employed, rather the people in power and positions would fix in their persons that are not suitable for the job.

No doubt that the government has power over the private sector and the way they see the sector progressing has increased their greed to take high taxes and demands from the private sector which is bad. After they have failed in the public sector, they still want to see the private sector fail as well.

[Albarq]

Not everything in a country can run by a government so which itself enough why we need private sectors to keep things in balance, of course government bend their rules in favour of them for whatever reasons while private sectors create job opportunities that again help someone to make money and they will spend the money they earned so that will obviously help in the development of economy in a country.

From the economic process that occurs, the private sector provides a positive effect, which is always present in a country and its role can help, advance the economic sector in all fields and it has been proven, reducing the unemployment rate which is currently increasing with the presence of this private sector providing a role to help the government, because the government finds it difficult to work alone and it is something that is mutually needed.

[bestcoins1]

From the economic process that occurs, the private sector provides a positive effect, which is always present in a country and its role can help, advance the economic sector in all fields and it has been proven, reducing the unemployment rate which is currently increasing with the presence of this private sector providing a role to help the government, because the government finds it difficult to work alone and it is something that is mutually needed.

The private sector that has more financial strength to establish factories and companies can certainly recruit unemployed experts to become workers in their companies. But for the private sector that only has simple capital, I think they can only support themselves without being able to attract more people to become their employees even though it can also have an effect on reducing unemployment and also helping the government in eradicating unemployment. But for things like this, of course, cooperation between the government and the private sector must always exist and run well so that the unemployment rate in the country can continue to decrease every year.

[Qiubell5]

Therefore if the private institutions can be coordinated with the government institutions of each country to achieve certain goals and objectives then it will be possible to achieve the economic growth of a country very easily and the internal environmental stability of the country will prevail.

Basically, the private sector plays an important role in realizing an economic condition in a country, without private assistance it is difficult for the government to manage it alone because there are limited funds, so with this the private sector in the country's economy remains important because in the process, it can help the wheels of the economy run, such as absorbing labor and that is very helpful to economic growth, some private companies always work together with government institutions to regulate and run the economic activities of a country, with this the government has an important role as a policy maker in regulating the economic activities of the community and private business actors.

[Dzwaafu11]

Not everything in a country can run by a government so which itself enough why we need private sectors to keep things in balance, of course government bend their rules in favour of them for whatever reasons while private sectors create job opportunities that again help someone to make money and they will spend the money they earned so that will obviously help in the development of economy in a country.

For a country to grow, there should be a private company and other things owned by a private entity so that such country will have a different way of earning money. If the government owns everything, then definitely, I’m sure the country's economy won’t grow as it is supposed to because even the employees won’t earn that much that can sustain them to cover their expenses.

But if they include the private sector, then you can see that everybody will be leaving fine in that country. But if it’s only the government, I am very sure they won’t pay people working for them a good amount of money because they will be paying less since they have many people to pay money at the end of the month or week. 

[knowngunman]

From the economic process that occurs, the private sector provides a positive effect, which is always present in a country and its role can help, advance the economic sector in all fields and it has been proven, reducing the unemployment rate which is currently increasing with the presence of this private sector providing a role to help the government, because the government finds it difficult to work alone and it is something that is mutually needed.

The importance of private sectors in economical growth can not be overlooked especially in a time like this when responsibility is becoming a budden on government which they are yet to meet up successfully. Some of these private sectors have made positive influence in the live of people and contribute immensely to the development of the economy. Unfortunately, the government has not been playing her role effectively to aid their participation in economical growth due to unfavorable working environment and necessary support to them. In some countries especially in Africa continent, some private sectors are the most contributor to the economy because the public or government sectors are regarded as no man property and no one care about whether they are working successfully or not and corruption has bewildered the ones working thereby not allowing it to impact the economy growth.

[MissNonFall9]

Therefore if the private institutions can be coordinated with the government institutions of each country to achieve certain goals and objectives then it will be possible to achieve the economic growth of a country very easily and the internal environmental stability of the country will prevail.

Basically, the private sector plays an important role in realizing an economic condition in a country, without private assistance it is difficult for the government to manage it alone because there are limited funds, so with this the private sector in the country's economy remains important because in the process, it can help the wheels of the economy run, such as absorbing labor and that is very helpful to economic growth, some private companies always work together with government institutions to regulate and run the economic activities of a country, with this the government has an important role as a policy maker in regulating the economic activities of the community and private business actors.

And right for that the policymakers of a country should give social opportunities to every business within the country and look at them equally so that no business is deprived. Besides extending a helping hand to those people who want to establish themselves as entrepreneurs within the country. So that the wheel of development of the country could continue at a high speed.

[Akbarkoe]

From the economic process that occurs, the private sector provides a positive effect, which is always present in a country and its role can help, advance the economic sector in all fields and it has been proven, reducing the unemployment rate which is currently increasing with the presence of this private sector providing a role to help the government, because the government finds it difficult to work alone and it is something that is mutually needed.

The importance of private sectors in economical growth can not be overlooked especially in a time like this when responsibility is becoming a budden on government which they are yet to meet up successfully. Some of these private sectors have made positive influence in the live of people and contribute immensely to the development of the economy. Unfortunately, the government has not been playing her role effectively to aid their participation in economical growth due to unfavorable working environment and necessary support to them. In some countries especially in Africa continent, some private sectors are the most contributor to the economy because the public or government sectors are regarded as no man property and no one care about whether they are working successfully or not and corruption has bewildered the ones working thereby not allowing it to impact the economy growth.

The private economic sector has always been the biggest contributor to the country's economy, it is very important for countries everywhere, I agree with you that indeed private companies also help reduce unemployment as well as economic turnover in their neighborhoods and grow state revenues from taxes that are applied, but some things that might be a common problem in every country about private companies are about taxes and policies that make it difficult for private companies that can interfere with the operations and growth of private companies in certain countries

Therefore if the private institutions can be coordinated with the government institutions of each country to achieve certain goals and objectives then it will be possible to achieve the economic growth of a country very easily and the internal environmental stability of the country will prevail.

Basically, the private sector plays an important role in realizing an economic condition in a country, without private assistance it is difficult for the government to manage it alone because there are limited funds, so with this the private sector in the country's economy remains important because in the process, it can help the wheels of the economy run, such as absorbing labor and that is very helpful to economic growth, some private companies always work together with government institutions to regulate and run the economic activities of a country, with this the government has an important role as a policy maker in regulating the economic activities of the community and private business actors.

And right for that the policymakers of a country should give social opportunities to every business within the country and look at them equally so that no business is deprived. Besides extending a helping hand to those people who want to establish themselves as entrepreneurs within the country. So that the wheel of development of the country could continue at a high speed.

I don't agree if it should be viewed equally because it will potentially be very bad for the growth of small entrepreneurs, I think there needs to be a policy that can be fair for both nascent, mid and high-level entrepreneurs and provide policies that are relatively not burdensome to each other but have different obligations and responsibilities for each business that is run according to the level of business, because if it is equal it will make the big ones more uncontrollable.

Because the private sector is very important and economic growth starting from the smallest will be better if it is addressed carefully in its growth so that the economic turnover is very good, it does not need to be fast, but gradual and continues to rise.

[MissNonFall9]

From the economic process that occurs, the private sector provides a positive effect, which is always present in a country and its role can help, advance the economic sector in all fields and it has been proven, reducing the unemployment rate which is currently increasing with the presence of this private sector providing a role to help the government, because the government finds it difficult to work alone and it is something that is mutually needed.

The importance of private sectors in economical growth can not be overlooked especially in a time like this when responsibility is becoming a budden on government which they are yet to meet up successfully. Some of these private sectors have made positive influence in the live of people and contribute immensely to the development of the economy. Unfortunately, the government has not been playing her role effectively to aid their participation in economical growth due to unfavorable working environment and necessary support to them. In some countries especially in Africa continent, some private sectors are the most contributor to the economy because the public or government sectors are regarded as no man property and no one care about whether they are working successfully or not and corruption has bewildered the ones working thereby not allowing it to impact the economy growth.

The private economic sector has always been the biggest contributor to the country's economy, it is very important for countries everywhere, I agree with you that indeed private companies also help reduce unemployment as well as economic turnover in their neighborhoods and grow state revenues from taxes that are applied, but some things that might be a common problem in every country about private companies are about taxes and policies that make it difficult for private companies that can interfere with the operations and growth of private companies in certain countries

Therefore if the private institutions can be coordinated with the government institutions of each country to achieve certain goals and objectives then it will be possible to achieve the economic growth of a country very easily and the internal environmental stability of the country will prevail.

Basically, the private sector plays an important role in realizing an economic condition in a country, without private assistance it is difficult for the government to manage it alone because there are limited funds, so with this the private sector in the country's economy remains important because in the process, it can help the wheels of the economy run, such as absorbing labor and that is very helpful to economic growth, some private companies always work together with government institutions to regulate and run the economic activities of a country, with this the government has an important role as a policy maker in regulating the economic activities of the community and private business actors.

And right for that the policymakers of a country should give social opportunities to every business within the country and look at them equally so that no business is deprived. Besides extending a helping hand to those people who want to establish themselves as entrepreneurs within the country. So that the wheel of development of the country could continue at a high speed.

I don't agree if it should be viewed equally because it will potentially be very bad for the growth of small entrepreneurs, I think there needs to be a policy that can be fair for both nascent, mid and high-level entrepreneurs and provide policies that are relatively not burdensome to each other but have different obligations and responsibilities for each business that is run according to the level of business, because if it is equal it will make the big ones more uncontrollable.

Because the private sector is very important and economic growth starting from the smallest will be better if it is addressed carefully in its growth so that the economic turnover is very good, it does not need to be fast, but gradual and continues to rise.

Actually my choice of words was wrong which in your opinion should have been called fair. I really meant fair. If we want to make proper development through the business sector or through non-governmental organizations we have to formulate really fair rules and policies. Another important thing is continuity, this continuity should be remembered as the focal point of travel. Therefore to achieve success even if at a slow pace consistency must be maintained. In order for this continuity to flow smoothly the administration of the country should monitor and keep all the necessary facilities and control systems.

[RockBell]

Without the help of the private sector I don’t think many countries will survive, the reason why I said that is because of the way some countries' governments operate, some governments are very corrupt which leads to the people of the country not being able to survive, private sector is like another alternative for people to survive without depending on government assistance, there are many countries that the government did not employ many people but with the help of private sector they can be employed and get paid by the private sector to pay for their services without any assistance from government.

The private sector is needed because they have also supported the economy because the government can not do everything, and the world we are now majority of the functional sectors are operated by the private sector, private been are alternative can not also operate without the government,  just has if the government is the one controlling the private because their are polices that guide what ever the private is doing, their is no way they can drift away from what the government want or they are going to be shut down, no matter the contribution they are making. and private have played a very important role in the society that people have benefited from.

We all know that the government has power over the private sector and the private must follow the rules and regulations that the government comes with but some private sectors are even doing better than the government sector, private sector make the people forget about the government and if you look at some countries today you will see that private sector things are doing well more than the government, even the government workers are taking their children to private schools.

The private sector are smart and they have their lawyers so they understand procedures to follow so that they don't step on the government and most business men that operate bossiness know exactly what to do and during elections they try as much as possible to even avoid anything politics, because their is going to consequences joining their self into politics, the government feel they have a lot of things at hand and need the support of the private but still will be done under their scope. the government will still continue to be the master even if private is doing better than them they can not be fought with, it is just better to continue sticking with the rules.

[MissNonFall9]

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.

Since the business sector or non-governmental organization is its own or separate asset, an owner party has no fault in his efforts for the development of that business or non-governmental organization. He uses all his intelligence skills and knowledge correctly and successfully. So he can be successful and through him, some of the unemployed people of the country or region are provided with employment. But many times it is seen that for the personal interests of some people, they create obstacles for those business organizations or non-governmental organizations as a result of which the real development of the country is disrupted. So we should all extend our cooperation in all these cases.

[ndutndut]

Not everything in a country can run by a government so which itself enough why we need private sectors to keep things in balance, of course government bend their rules in favour of them for whatever reasons while private sectors create job opportunities that again help someone to make money and they will spend the money they earned so that will obviously help in the development of economy in a country.

Yes, that's right. For economic growth, it cannot be done alone, of course it really needs other parties such as the private sector, foreign sector and MSMEs from a strong community because they do not depend on the government but are independent, namely building MSMEs and they also not only build but also create jobs from their businesses. Because the economy can run because of the circulation of money, and MSMEs are where money circulates quickly. A place of fast production and consumption without long, convoluted and corrupt paths.

Money is debt. If money is printed, make sure it goes into the production sector, not into the consumption sector or into the pockets of rich/corrupt people. Because if economic growth is calculated based on consumption, it means we expect inflation. That's the same as pouring gasoline on the fire. So, every country, if it wants its economy to grow, must protect the private sector and MSMEs with policies that favor farmers/traders/small producers.

[yudi09]

Money is debt. If money is printed, make sure it goes into the production sector, not into the consumption sector or into the pockets of rich/corrupt people. Because if economic growth is calculated based on consumption, it means we expect inflation. That's the same as pouring gasoline on the fire. So, every country, if it wants its economy to grow, must protect the private sector and MSMEs with policies that favor farmers/traders/small producers.

Several sectors are needed for economic growth, not just one sector. In my opinion, economic growth depends on the category of the country in terms of its economy as well. If the country is classified as a developed country, maybe the economic growth sector only needs one or two sectors. If it is a developing country, the direction of policy to support economic growth should not focus on just one sector such as the production sector that you mentioned. At least several sectors need to be focused on. This is a sign of talking about corruption.

[bitgolden]

Money is debt. If money is printed, make sure it goes into the production sector, not into the consumption sector or into the pockets of rich/corrupt people. Because if economic growth is calculated based on consumption, it means we expect inflation. That's the same as pouring gasoline on the fire. So, every country, if it wants its economy to grow, must protect the private sector and MSMEs with policies that favor farmers/traders/small producers.

Several sectors are needed for economic growth, not just one sector. In my opinion, economic growth depends on the category of the country in terms of its economy as well. If the country is classified as a developed country, maybe the economic growth sector only needs one or two sectors. If it is a developing country, the direction of policy to support economic growth should not focus on just one sector such as the production sector that you mentioned. At least several sectors need to be focused on. This is a sign of talking about corruption.

Honestly when you are a developed high level nation, like USA or UK or anything like that, you are free to care about a lot of things, because you have a budget to care about a lot of things. Otherwise there is nothing wrong with a developing nation to focus on just one thing, like if you are a poor nation, that puts all the money they can pour into technology, that would be enough because you do not have the budget to just keep on putting money into everything, you can't do that but you can pick something and right now technology is the best return on money.

This means that poorer nations needs to pick one industry to get great at, even if it is not technology, it can be something else and they can pour money and education for kids and all that for everyone, and then gradually they will become better and better at it, and the results will show. It is not one year or even five year plan, it is 20+ year plan, but in the end if you do it correctly then you make money from it as a nation.

[Fortify]

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

Is there actually a question in there or are you just stating the obvious? There is definitely an ongoing argument about what the government should have control over in many countries, because one downside with private companies is if they achieve a near monopoly or cartel type operation, then they can be very manipulative when it comes to pricing abuse. Look at railways for example, if they are moving either freight or passengers they can often be integral to the transportation plan for a country but private companies will often try to squeeze all customers as much as possible. On the alternative side, sometimes unions can try to bully publicly owned companies and push it too far, but politicians are too weak to stand up to them which can cripple a country.