Post
Topic
Board Economics
Re: The role of private sector involvement in Economic growth
by
MissNonFall9
on 01/08/2024, 16:57:55 UTC

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.