Quote from: Akbarkoe on August 02, 2024, 11:02:03 AM

Quote from: knowngunman on July 29, 2024, 08:33:32 AM

Quote from: Albarq on July 29, 2024, 05:07:23 AM

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

Quote from: MissNonFall9 on August 01, 2024, 04:57:55 PM

Quote from: Qiubell5 on July 29, 2024, 06:42:22 AM

Quote from: MissNonFall9 on July 18, 2024, 09:03:26 AM

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.