Economy, asked by avishkarc7477, 1 year ago

Why private companies are better than government by brainly?

Answers

Answered by PiyushSinghRajput1
0

The private sector answers to just one thing : profit motive to sustain itself.

Imagine you are a hungry person stuck in a jungle without any means of food. You dont have any cooking stove or even a matchstick to light a fire. All you have is a magnifying glass and a few dried twigs and leaves on the ground. Now how will you start a fire to cook food?. Obviously you will use the magnifying glass to focus the rays of the Sun on the leaves and start a fire!!. Thats the spirit of innovation. You are starved with nothing in the middle of the forest. You make do with what you have to get yourself going.

Private sector companies- dont have government funding, dont have government patronage (except for some big shots) , they survive on one thing - innovation and excellence.

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