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
I believe that we need a few things for a nation to keep going stronger. We do not need some communist nation stuff where everyone has no possession but everyone lives a similar life, that is not the way to go, but more like European nations, well before all of this immigration situation started at least. You just need government to put some laws in order, and then get out of the deal, that's it, you put regulations and laws and everything in there, which will make sure that nobody goes poor, and all you need to do is make sure that the laws are followed that is all you need to do.
But instead, a lot of nations keep trying to take money from certain people and give it to another people, that is not how you get better, you get better when everyone lives happy without government control.