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.
Most of the private institutions and companies have always been coordinating with the government. All countries that have good economic growth or even those that are in developing nations. The role of the private sector is really big for the growth of any country. That is why they're given importance and some benefits as to their business and operations for the employment of their citizens and as well as to contribute to the GDP of a country. It's not just all about them being taxed but the help they're giving to the people and to the nation. People that don't like the private companies and are throwing nonsense arguments about them needs to face the reality of how they're helping their motherland. 
Topic: The role of private sector involvement in Economic growth - page 2. (Read 1131 times)
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.
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.
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 really helps the country to reduce unemployment and of course more than that. Every country always does something to attract investors' interest so that every country always collaborates to advance the business sector. I see that developed countries are always decorated with business sectors that grow so rapidly that they have quite a positive impact on the country.
Countries that have economic growth in the private sector will definitely be helped more and will slowly become more advanced because everyone in the country is no longer completely dependent on the government. Because they can work alone to make ends meet and to build their own future by continuing to work every day on what they are able to do in the field they have mastered. And I personally am actually quite happy if there are many citizens who are willing to work freelance without any ties to the government so that the government can focus on organizing the country's development and the infrastructure needed by its own citizens. For any country to achieve economic growth it takes the combined efforts of the public and private sectors to keep the wheels of the economy moving and sustainable. By maintaining the productivity of the export oriented industrial sector the private sector improves the economic situation of the country by attracting local and foreign investment. For this government support is very important to maintain a balanced business environment.
Economic growth requires a combination of the private sector in all fields and it is very necessary to accelerate a goal so that it can be quickly implemented and see the results obtained, the impact is very good by attracting local and foreign investment and this really helps improve the economy so that it always progresses, in this case the public sector is The main thing that provides services to government-managed units is that the involvement of the private sector is necessary because the government cannot work alone and it needs real support.
Private sector refers to business owned and manege by individuals which are not government funded, private sector include business, companies, commercial banks etc which are owned and manege by private individuals who has nothing to do with government for the purpose of profit making
The role of private sector in developing the economy of any country is very crucial and important as the role of government in society is for protection of life and property and creating the right environment for business to strive
All over the world it's private sector that has helped the economy of nations, private sector involvement is needed for economic stabilization as government only can't do this alone
Private individuals are encouraged to start up business for the purpose of profit making in so doing they're in turn creating wealth
Let take an example of say an individual who is interested in sports business and brings out money to setup a football team, first the person will start by employing young youths and them of the street and labour market and at least for a football team to be set up you must need at least fifty individuals from the players to the couching Crew to the backroom staff then the team that has been setup will need a stadium where they will be playing their match's so they will set up a structure in form of a stadium and this newly built stadium needs to be cleaned and and we'll taken care of so more people are to be employed again and salaries will be paid to them at the end of the month
So while the owner of the business who is profit oriented gets his return for investment when the team wins a league title or from transfer of players and from tickets sold to fans who come and watch their match's he has created wealth to his employees by way of paying them salaries which in turn translate to economic growth
The private sector has been quite instrumental to the development of a nation and that is why the government has been trying her best to give loans and help private businesses so that they can keep creating employments for the citizens to have jobs and keep growing the society. The government are always busy creating weapons and using tax payers funds to keep doing unnecessary things that would keep creating problems influencing the development of weapons of destruction. Private sectors are very crucial I'm the development of a country which could rapidly bring a fast development. The role of private sector in developing the economy of any country is very crucial and important as the role of government in society is for protection of life and property and creating the right environment for business to strive
All over the world it's private sector that has helped the economy of nations, private sector involvement is needed for economic stabilization as government only can't do this alone
Private individuals are encouraged to start up business for the purpose of profit making in so doing they're in turn creating wealth
Let take an example of say an individual who is interested in sports business and brings out money to setup a football team, first the person will start by employing young youths and them of the street and labour market and at least for a football team to be set up you must need at least fifty individuals from the players to the couching Crew to the backroom staff then the team that has been setup will need a stadium where they will be playing their match's so they will set up a structure in form of a stadium and this newly built stadium needs to be cleaned and and we'll taken care of so more people are to be employed again and salaries will be paid to them at the end of the month
So while the owner of the business who is profit oriented gets his return for investment when the team wins a league title or from transfer of players and from tickets sold to fans who come and watch their match's he has created wealth to his employees by way of paying them salaries which in turn translate to economic growth
For any country to achieve economic growth it takes the combined efforts of the public and private sectors to keep the wheels of the economy moving and sustainable. By maintaining the productivity of the export oriented industrial sector the private sector improves the economic situation of the country by attracting local and foreign investment. For this government support is very important to maintain a balanced business environment.
Economic growth requires a combination of the private sector in all fields and it is very necessary to accelerate a goal so that it can be quickly implemented and see the results obtained, the impact is very good by attracting local and foreign investment and this really helps improve the economy so that it always progresses, in this case the public sector is The main thing that provides services to government-managed units is that the involvement of the private sector is necessary because the government cannot work alone and it needs real support.
Private sector brings a lot of development and growth to our economy, first of all it decreased the rate of unemployment, in a situation where by there are hundred people that are unemployed and fifty people among them was employed in private sector, the rate of unemployment will be reduced, if not for the existence of private sector, the unemployed rate will be higher than how it was today.
I agree that some employers doesn’t pay their employees well but they are is this saying “a bird in hand worth than thousand in the bush’’ with the small amount of salary you received, you will be able to fulfill some responsibilities with it, as you spend the money to purchase something with someone, and the person use the money to purchase another thing, the money will continue evolving from one person to another, and it will brings a lot of development to our economy.
I agree that some employers doesn’t pay their employees well but they are is this saying “a bird in hand worth than thousand in the bush’’ with the small amount of salary you received, you will be able to fulfill some responsibilities with it, as you spend the money to purchase something with someone, and the person use the money to purchase another thing, the money will continue evolving from one person to another, and it will brings a lot of development to our economy.
For any country to achieve economic growth it takes the combined efforts of the public and private sectors to keep the wheels of the economy moving and sustainable. By maintaining the productivity of the export oriented industrial sector the private sector improves the economic situation of the country by attracting local and foreign investment. For this government support is very important to maintain a balanced business environment.
Economic growth requires a combination of the private sector in all fields and it is very necessary to accelerate a goal so that it can be quickly implemented and see the results obtained, the impact is very good by attracting local and foreign investment and this really helps improve the economy so that it always progresses, in this case the public sector is The main thing that provides services to government-managed units is that the involvement of the private sector is necessary because the government cannot work alone and it needs real support.
We can't deny the fact that the private sector is also vital in the economic progress of any government. As they have their own mission to accomplish in the business, they make sure they have all the resources to achieve such mission. And along with such accomplishments are also people in these companies that are also earning, and so they are the ones comprising the community. With good income, comes with good economy.
Both the government and the private sector will benefit from this, as you said, it is very true that with the private sector helping the government in providing jobs, of course this will be able to provide these workers with income from the work they do, of course this will be able to make the economy more productive. good for the community, because if we only rely on the government to provide jobs, of course this will be very difficult to do without help from the global sector.
While the government plays a vital role in providing a supportive environment and safety net, it is the private sector that truly drives economic growth and creates wealth. By encouraging private enterprise and innovation, we can unlock the full potential of our economy and create a brighter future for all.
In reality, the driving force behind a nations economy is the private sector. The government is charged with the objective of providing basic amenities of which security is paramount (financially physically etc) to give individuals what it takes to start up with full assurance that at least the government is doing its best.
With this on ground, the government duty again is to go about checking compliance of this businesses to national integrity and status quo. To ensure progressive growth and to give assistance where necessary (loan and special skills etc)....
Private sectors actually is the building blocks of a nations economy (even invention and innovation of sciences and technologies which speaks more about development are mostly done by private sector)
With this on ground, the government duty again is to go about checking compliance of this businesses to national integrity and status quo. To ensure progressive growth and to give assistance where necessary (loan and special skills etc)....
Private sectors actually is the building blocks of a nations economy (even invention and innovation of sciences and technologies which speaks more about development are mostly done by private sector)
Private sector refers to business owned and manege by individuals which are not government funded, private sector include business, companies, commercial banks etc which are owned and manege by private individuals who has nothing to do with government for the purpose of profit making
Private sectors can't survive without the intervention of the government, in fact many successful private sectors that you see around today that are successful has their funding one or the other from government individuals and groups but what they do is that they don't operate the companies rather they allowed it to be manage by other people because name matters sometimes in business, some names in a company can make or break a company, some people wouldn't want to have anything to do with a business if a particular person person or group are involved.
Quote
The role of private sector in developing the economy of any country is very crucial and important as the role of government in society is for protection of life and property and creating the right environment for business to strive
All over the world it's private sector that has helped the economy of nations, private sector involvement is needed for economic stabilization as government only can't do this alone
All over the world it's private sector that has helped the economy of nations, private sector involvement is needed for economic stabilization as government only can't do this alone
That's some of private sector objectives but a private sector can't do alone if the government policy isn't favorable, a government policy determines how far a private sector can go, if government has a high interest rate, many business wouldn't go far because the need for urgent liquidity is going to be a problem due to high interest rate, if the government has high inflation, most business and companies will fold up immediately. I think for private sector to add growth to economy, that depend on the impact of the government to the economy as well.
Taxes and job opportunities are the two main contributions of private sectors when it comes on economic growth. Not all countries, especially those in the third world, has the financial capability to give more job opportunities to their people and this one is being aided by private companies or sector.Another is in form of taxes wherein for them to operate they need to comply with registrations on the local government and that includes fees. Well, it is a mutual relationship also. Private companies get the opportunity to generate profit from their businesses on their target countries. Everything's studied therefore they know that they will be making more than how much they would be putting into it.
One of the major role of private sector in economic growth is public-private partnership (PPP). The government wants to have a public service that needs to be provided to the public, however, they do not have sufficient resources to provide the said service (i.e., roads, bridges, railways, airports). Hence, they engage the private sector to build the infrastructures in return of some profit.
Indeed one of the best examples. In the country where I live, railways are one of their biggest contribution. It is being used on a daily basis which makes it simply profitable and same goes with government sector who are earning a percentage from its profit. 
Private sector refers to business owned and manege by individuals which are not government funded, private sector include business, companies, commercial banks etc which are owned and manege by private individuals who has nothing to do with government for the purpose of profit making
The role of private sector in developing the economy of any country is very crucial and important as the role of government in society is for protection of life and property and creating the right environment for business to strive
All over the world it's private sector that has helped the economy of nations, private sector involvement is needed for economic stabilization as government only can't do this alone
Private individuals are encouraged to start up business for the purpose of profit making in so doing they're in turn creating wealth
Let take an example of say an individual who is interested in sports business and brings out money to setup a football team, first the person will start by employing young youths and them of the street and labour market and at least for a football team to be set up you must need at least fifty individuals from the players to the couching Crew to the backroom staff then the team that has been setup will need a stadium where they will be playing their match's so they will set up a structure in form of a stadium and this newly built stadium needs to be cleaned and and we'll taken care of so more people are to be employed again and salaries will be paid to them at the end of the month
So while the owner of the business who is profit oriented gets his return for investment when the team wins a league title or from transfer of players and from tickets sold to fans who come and watch their match's he has created wealth to his employees by way of paying them salaries which in turn translate to economic growth
The role of private sector in developing the economy of any country is very crucial and important as the role of government in society is for protection of life and property and creating the right environment for business to strive
All over the world it's private sector that has helped the economy of nations, private sector involvement is needed for economic stabilization as government only can't do this alone
Private individuals are encouraged to start up business for the purpose of profit making in so doing they're in turn creating wealth
Let take an example of say an individual who is interested in sports business and brings out money to setup a football team, first the person will start by employing young youths and them of the street and labour market and at least for a football team to be set up you must need at least fifty individuals from the players to the couching Crew to the backroom staff then the team that has been setup will need a stadium where they will be playing their match's so they will set up a structure in form of a stadium and this newly built stadium needs to be cleaned and and we'll taken care of so more people are to be employed again and salaries will be paid to them at the end of the month
So while the owner of the business who is profit oriented gets his return for investment when the team wins a league title or from transfer of players and from tickets sold to fans who come and watch their match's he has created wealth to his employees by way of paying them salaries which in turn translate to economic growth
I agree with you because in my opinion. Private sector is essential for the economy , especially SMEs . In my country , we have a "bonus demographic" so we need a lot of SMEs to absorb the workforce. The downside is that most SMEs often pay below minimum wages.
As for government sector jobs , the competition is extremely high. like the ratio might be 1:1024 , so for one position , you have to compete with one thousand other candidates. Based on this , I think we need private sector.
Do you know that a private sector there are the one of the Major group that causes hardship in exercise if economy of a country happened to be bad the private sectors who are business owners are the one that is Skyrocket the hardship of a particular Society in a country so if it is not well controlled by the government there will be the one to Skyrocket the danger in Society
Obviously with everything there are pros and cons that should be considered if we want a balanced functioning society.Private sectors are usually the ones who initiate the newest inventions and innovations as they are driving and aiming for profit. This create jobs which give so much opportunities to a lot of people however these private sectors are problems for the overall state of the society as they usually just considers profit of their organization and nothing else.
When a private individual pools out funds to create an innovation and make available that which the government cannot offer, he is incharge and can control it whichever way he wants. It becomes worse if such an individual has a total monopoly over that line of business or innovation as there are chances that he will abuse the power he has. This is where the government comes in.
Any government that has the interest of the people at heart will ensure they monitor all economic activities going on under their jurisdiction, public sectors inclusive. The issue of exploitation of employees and customers, untold hardships on the masses, unwarranted price hike, artificial scarcity and the rest of them would not be heard of if there are regulations and standard government agencies on ground to ensure that the private sectors do not abuse the powers granted them.
The private sectors are unarguably very important to the internal and external growth of a country, but if they are not properly controlled, the masses will suffer.
See if the government wants then solving any kind of problem in the country will not be a big deal. But the problem is when the field fence eats the grain, how else to solve the problem? The government is most of the time saving its interests by pretending to keep the interests of the people at heart. And in a country like mine when the government and the opposition government are busy condemning without any constructive criticism then I can't say anything else. So please don't get me wrong. Because I also want the government to understand the sufferings of the people of the country and take proper measures for them, then it will be seen that many small businessmen in the country can raise their heads and take part in the economic growth of the country.
The public and private sectors each serve distinct functions and collaborate with one another. And, to some extent, the private sector has played a significant role in the country's economic development; they have not done everything, but they have contributed. And, while the housing sector has made significant efforts to assist individuals in obtaining homes, the majority of houses are now out of reach for regular people due to their high cost. Aside the reduction in unemployment their are other sectors they have also contributed even in health. Most of the companies have offered free check ups for people. The economy benefited, as did the people. The company's tax rate will vary depending on its size.
The government genuinely benefits from the private sector. Just that the government's policy is not always friendly to these companies, so some of them may want to leave that country due to taxes, so they will want to try other countries with cheaper labor and a fair tax. The tax is supposed to be used for the improvement of the country but who knows what they do with the money they collect.
My point of view is quite different. I think the private sectors mostly fill their pockets. Inflation is very high in every sector be it medical or education.The government genuinely benefits from the private sector. Just that the government's policy is not always friendly to these companies, so some of them may want to leave that country due to taxes, so they will want to try other countries with cheaper labor and a fair tax. The tax is supposed to be used for the improvement of the country but who knows what they do with the money they collect.
Poor children cannot go to private hospitals or private schools because the fees are too high. And what you mentioned is that private sectors are providing free services, as far as I have seen and observed, the public is being badly humiliated when private sectors are providing some things for free for their own publicity. The same is the case with the government today, especially in our own country, because I can only talk about what I have observed, so I am talking about my own country.
The era may have passed when the private and public sectors used to do something to serve the public, now it seems that someone is acting only for himself and for his interest. Many people may have different opinions because we all belong to different countries, so everyone can only tell what they have observed, I am only describing the situations that happened to me or I have seen them happening.
The role of private companies is very important in economic growth because the existence of private companies can reduce unemployment in a country and increase state income from taxes. Moreover, if the private company is large, the contribution in taxes will also be large, which can later be used by the state to improve the economic welfare of its people.
The public and private sectors each serve distinct functions and collaborate with one another. And, to some extent, the private sector has played a significant role in the country's economic development; they have not done everything, but they have contributed. And, while the housing sector has made significant efforts to assist individuals in obtaining homes, the majority of houses are now out of reach for regular people due to their high cost. Aside the reduction in unemployment their are other sectors they have also contributed even in health. Most of the companies have offered free check ups for people. The economy benefited, as did the people. The company's tax rate will vary depending on its size. The government genuinely benefits from the private sector. Just that the government's policy is not always friendly to these companies, so some of them may want to leave that country due to taxes, so they will want to try other countries with cheaper labor and a fair tax. The tax is supposed to be used for the improvement of the country but who knows what they do with the money they collect.
We can't deny the fact that the private sector is also vital in the economic progress of any government. As they have their own mission to accomplish in the business, they make sure they have all the resources to achieve such mission. And along with such accomplishments are also people in these companies that are also earning, and so they are the ones comprising the community. With good income, comes with good economy.
The role of private companies is very important in economic growth because the existence of private companies can reduce unemployment in a country and increase state income from taxes. Moreover, if the private company is large, the contribution in taxes will also be large, which can later be used by the state to improve the economic welfare of its people.
The public and private sectors each serve distinct functions and collaborate with one another. And, to some extent, the private sector has played a significant role in the country's economic development; they have not done everything, but they have contributed. And, while the housing sector has made significant efforts to assist individuals in obtaining homes, the majority of houses are now out of reach for regular people due to their high cost. Aside the reduction in unemployment their are other sectors they have also contributed even in health. Most of the companies have offered free check ups for people. The economy benefited, as did the people. The company's tax rate will vary depending on its size. The government genuinely benefits from the private sector. Just that the government's policy is not always friendly to these companies, so some of them may want to leave that country due to taxes, so they will want to try other countries with cheaper labor and a fair tax. The tax is supposed to be used for the improvement of the country but who knows what they do with the money they collect.
Do you know that a private sector there are the one of the Major group that causes hardship in exercise if economy of a country happened to be bad the private sectors who are business owners are the one that is Skyrocket the hardship of a particular Society in a country so if it is not well controlled by the government there will be the one to Skyrocket the danger in Society
Obviously with everything there are pros and cons that should be considered if we want a balanced functioning society.Private sectors are usually the ones who initiate the newest inventions and innovations as they are driving and aiming for profit. This create jobs which give so much opportunities to a lot of people however these private sectors are problems for the overall state of the society as they usually just considers profit of their organization and nothing else.
When a private individual pools out funds to create an innovation and make available that which the government cannot offer, he is incharge and can control it whichever way he wants. It becomes worse if such an individual has a total monopoly over that line of business or innovation as there are chances that he will abuse the power he has. This is where the government comes in.
Any government that has the interest of the people at heart will ensure they monitor all economic activities going on under their jurisdiction, public sectors inclusive. The issue of exploitation of employees and customers, untold hardships on the masses, unwarranted price hike, artificial scarcity and the rest of them would not be heard of if there are regulations and standard government agencies on ground to ensure that the private sectors do not abuse the powers granted them.
The private sectors are unarguably very important to the internal and external growth of a country, but if they are not properly controlled, the masses will suffer.
See if the government wants then solving any kind of problem in the country will not be a big deal. But the problem is when the field fence eats the grain, how else to solve the problem? The government is most of the time saving its interests by pretending to keep the interests of the people at heart. And in a country like mine when the government and the opposition government are busy condemning without any constructive criticism then I can't say anything else. So please don't get me wrong. Because I also want the government to understand the sufferings of the people of the country and take proper measures for them, then it will be seen that many small businessmen in the country can raise their heads and take part in the economic growth of the country.
Do you know that a private sector there are the one of the Major group that causes hardship in exercise if economy of a country happened to be bad the private sectors who are business owners are the one that is Skyrocket the hardship of a particular Society in a country so if it is not well controlled by the government there will be the one to Skyrocket the danger in Society
Obviously with everything there are pros and cons that should be considered if we want a balanced functioning society.Private sectors are usually the ones who initiate the newest inventions and innovations as they are driving and aiming for profit. This create jobs which give so much opportunities to a lot of people however these private sectors are problems for the overall state of the society as they usually just considers profit of their organization and nothing else.
When a private individual pools out funds to create an innovation and make available that which the government cannot offer, he is incharge and can control it whichever way he wants. It becomes worse if such an individual has a total monopoly over that line of business or innovation as there are chances that he will abuse the power he has. This is where the government comes in.
Any government that has the interest of the people at heart will ensure they monitor all economic activities going on under their jurisdiction, public sectors inclusive. The issue of exploitation of employees and customers, untold hardships on the masses, unwarranted price hike, artificial scarcity and the rest of them would not be heard of if there are regulations and standard government agencies on ground to ensure that the private sectors do not abuse the powers granted them.
The private sectors are unarguably very important to the internal and external growth of a country, but if they are not properly controlled, the masses will suffer.
See if the government wants then solving any kind of problem in the country will not be a big deal. But the problem is when the field fence eats the grain, how else to solve the problem? The government is most of the time saving its interests by pretending to keep the interests of the people at heart. And in a country like mine when the government and the opposition government are busy condemning without any constructive criticism then I can't say anything else. So please don't get me wrong. Because I also want the government to understand the sufferings of the people of the country and take proper measures for them, then it will be seen that many small businessmen in the country can raise their heads and take part in the economic growth of the country.
Jump to: