Post
Topic
Board Economics
Re: The role of private sector involvement in Economic growth
by
Darker45
on 10/05/2024, 02:28:07 UTC
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.
Exactly, but sometimes both the people and these private sectors fall as  victims to corruption that might affect on it's operation and growth. It all really requires agencies fair treatment to all these tax payers so things will become progressive and profitable on both sides. Here in my country corruption is I think the new normal and it really slows down all the needed factors affecting the economic growth.

Same here. My country is rotten to the core. Corruption is the rule of the game. There's red tape. There's too much bureaucracy. There's the need for grease money every step of the way. There are necessary gifts, which are bribes, and so on. This is suffocating for businesses.

The private sector is a victim. Fortunately for them, they can play the game. The good thing about this is that their needs could all be processed real quick. The cost, however, may be high, but it could easily be included as operation cost and such could be passed on to consumers. In the end, they don't really suffer for it.

As in everything else, the ordinary people are always on the receiving end.