Question

How do big private companies contribute in the development of a nation?
(a) By increasing the demands for their products through advertisements.
(b) By increasing their profits.
(c) By increasing productivity of the country in the manufacturing of industrial goods.
(d) By providing private hospital facilities for the rich.

Answer 1

Answer:

c by increasing productivity of the country in the manufacturing of industrial goods

Answer 2

Private companies can contribute to the development of a nation by increasing the productivity of the country in the manufacturing of industrial goods.

• A private company can help a nation in various ways. It can set up manufacturing factories and generate employment opportunities for the people of the nation.
• It can also buy raw materials from the local manufacturers and support the small suppliers in the nation.
• Research and development of the area where it's operating also help the people by bringing in new technologies.
• Manufacturing in the nation also increases the income of the people in the long run thus creating money.

The correct option is (d)