Post
Topic
Board Economics
Re: The role of private sector involvement in Economic growth
by
ndutndut
on 15/08/2024, 18:32:59 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.
Yes, that's right. For economic growth, it cannot be done alone, of course it really needs other parties such as the private sector, foreign sector and MSMEs from a strong community because they do not depend on the government but are independent, namely building MSMEs and they also not only build but also create jobs from their businesses. Because the economy can run because of the circulation of money, and MSMEs are where money circulates quickly. A place of fast production and consumption without long, convoluted and corrupt paths.

Money is debt. If money is printed, make sure it goes into the production sector, not into the consumption sector or into the pockets of rich/corrupt people. Because if economic growth is calculated based on consumption, it means we expect inflation. That's the same as pouring gasoline on the fire. So, every country, if it wants its economy to grow, must protect the private sector and MSMEs with policies that favor farmers/traders/small producers.