Post
Topic
Board Economics
Re: The role of private sector involvement in Economic growth
by
RockBell
on 08/08/2024, 21:51:16 UTC
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.