Public vs. Private Enterprises: Who Serves the People Better?
All types of things are available in our society, some things are started by private companies and some things are started by the government. If I talk about India, then the telecom sector here is dominated by private companies. If we talk about 15-20 years ago, government companies used to start but since the time private companies entered the market, the government companies have started incurring huge losses because there is a lot of competition among private companies and they do all the things to increase their users and also retain them. The government is also seen in every field but it is not possible to have a say in every sector and there are also many reasons due to which the government is not able to do much. Look, the government has a lot of budget and the government decides how much money is to be invested in which sector and work is done accordingly. Suppose if a government is spending more money on development, then you will see development everywhere and if the government passes money on some other thing in its budget, then it will cost more on that and we will see a lot of difference on that.
Look, there is a huge difference between government and private things, but if you see, all the government things are much cheaper and those run by private or big companies are much more expensive. The government has provided all kinds of facilities to the public, but others do not do their work properly, like government schools have been made for studying, government hospitals for treatment, government vehicles for travelling, government things are available for everything, but in small towns, perhaps only government things work more, but in big cities, there are a lot of private companies today and they are fighting a different kind of battle with each other, with the government and with many things.
When you are in the first position, everyone keeps an eye on you or you are in everyone's sight, like in India, Jio is spread in many sectors, whether it is entertainment or the internet, but after Jio came, there was a wave of the internet in the whole of India. Earlier, the use of the internet was very less, but with the arrival of Jio, the internet became free and then it became a big problem for many big companies because earlier a lot of money had to be paid to use the internet, but when the internet became free, then it became a big problem for them. This is a strategy to increase your consumers, first, you make them habituated to good things and then when your consumers or people get used to it, the money is charged to them This is business. xd
The government also plays a very big role in every sector, although the government is not present in every sector, the government collects a lot of taxes from private companies and often we have seen that the government schemes or government companies lack a lot of funding, whereas if you look at private companies, there is a lot of funding and there is more corruption in government companies. See, what happens is that the people working in government companies are government employees and the private companies are run by someone or the other, government companies are not run by anyone else, if there is x government right now and tomorrow y government comes, then all the companies will be under them. But this does not happen in companies, some owner of the companies is necessary and that is why private companies work in a different way and the government works in a different way.
Look, it is not necessary to be completely private or completely government. I feel that some sectors should be government and some sectors should be private. Look, in terms of education, government schools are much cheaper but they do not have facilities. If they are developed well and provided good facilities, then perhaps the dominance of private schools can end. But look, the government also looks for its benefit. They will have to spend a lot of money to set up a government school and develop it. On the contrary, if you have a private school, they charge many different types of charges from which the government earns income. So, it is necessary to have all types of schools and company hospitals. But whatever there is, everything should be limited to a limit. People keep their phones in government hospitals because the cost of treatment there is very low, whereas there are many more facilities in private hospitals but the cost is also equally high. And not everyone can afford the cost of private hospitals and the government also knows this. Perhaps for this reason, from time to time, new hospitals and new types of schemes are run for the poor people and for those who cannot afford expensive hospitals, so that they can get their treatment done at a cheaper rate.
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If private hospitals give us a variety of facilities then they're really very expensive but it's a good thing that the government makes new hospitals for poor people
Indeed, private hospitals, schools and other things are money making machin for them. Sad but true.
Private sector give better facility with higher cost where government sector give cheap facility. I think most of the sector in a developing country are dominated by the private sector and take advantage of it.
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Indeed brother, private sectors are owned by the big giant businesses. The work for profits only.
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The main gap between both are the monetary costs. But these days in a country with a declining economy that gap just keeps getting smaller, as affordability of these government services keeps getting farther from reach.
Thank you so much.
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Thank you so much 🙏
though some private has their own pride, but once you got money you good to go, i go with private anytime, always quick and easily accessible unlike the government were you'll have to go series of documention before attend to
Balancing between public and private companies is something that takes study, as well as a lot of trial and error.
Each country has its own characteristics, so there is no formula that can be applied in a general way.
Public companies seek a general benefit to the population (or that is what they should do in theory), while private companies seek a benefit for a particular group.
In my country, public companies do not pursue economic benefits, which seems to me to be a mistake, since if public companies have economic profits they can sustain themselves and do not consume resources like a bottomless pit.
Private companies in my country, on the other hand, try to maximize profits, sometimes without stopping to consider the workers. (Not all of them act like this, but there is a large percentage that are just as sinister)
It is a very interesting debate, a good topic to talk about.
Have a good week.
Balancing between public and private companies is something that takes study, as well as a lot of trial and error.
Each country has its own characteristics, so there is no formula that can be applied in a general way.
Public companies seek a general benefit to the population (or that is what they should do in theory), while private companies seek a benefit for a particular group.
In my country, public companies do not pursue economic benefits, which seems to me to be a mistake, since if public companies have economic profits they can sustain themselves and do not consume resources like a bottomless pit.
Private companies in my country, on the other hand, try to maximize profits, sometimes without stopping to consider the workers. (Not all of them act like this, but there is a large percentage that are just as sinister)
It is a very interesting debate, a good topic to talk about.
Have a good week.