With an ever increasing need to invest in scientific innovations, it is argued that the government should be responsible for it and not the private organisations. This essay disagrees with this premise because the autonomous institutes have a better chance of success in this endeavour. This essay first explains the ability of the companies to invest abundantly in these efforts as compared to the government, followed by how competition among private companies can ascertain their success in these efforts.
Unlike the political authorities, private firms have enough funds to contribute towards the research and development initiatives. The ruling party of any nation has responsibilities like providing a better education system, improving the health of the public and ensuring the safety and the security of the country. Since organisations do not have these obligations, they can easily allocate a huge amount of fund towards inventions. With no dearth of money, they have a greater chance at getting successful outcomes. For example, a recent survey in Denmark noted that the productivity of the private companies in the research field is higher than the state solely due to the amount of spending done by each party.
Additionally, the competitive environment in the private sector can do wonders for the economy. Each firm experimenting with new technologies to better their products can provide various better quality and innovative products in the market. Due to this race of being the best, research gets highest importance and is valued the most. For example, due to the increasing competition among the large cellphone companies, we have so many mobile devices in the market these days with different features and capabilities.
In summary, the scientific experimentations can be best performed by the privately-owned firms due to the high availability of monetary resources and the sense of finishing first in the race of innovations. The ministry is overwhelmed with other focus areas which prevents them for accomplishing the same level of success.
With an
ever increasing
need to invest in scientific innovations, it
is argued
that the
government
should be responsible for it and not the
private
organisations
. This essay disagrees with this premise
because
the autonomous institutes have a
better
chance of success in this
endeavour
. This essay
first
explains
the ability of the
companies
to invest
abundantly
in these efforts as compared to the
government
, followed by how competition among
private
companies
can ascertain their success in these efforts.
Unlike the political authorities,
private
firms have
enough
funds to contribute towards the research and development initiatives. The ruling party of any nation has responsibilities like providing a
better
education system, improving the health of the public and ensuring the safety and the security of the country. Since
organisations
do not have these obligations, they can
easily
allocate a huge amount of fund towards inventions. With no dearth of money, they have a greater chance at getting successful outcomes.
For example
, a recent survey in Denmark noted that the productivity of the
private
companies
in the research field is higher than the state
solely
due
to the amount of spending done by each party.
Additionally
, the competitive environment in the
private
sector can do wonders for the economy. Each firm experimenting with new technologies to
better
their products can provide various
better
quality and innovative products in the market.
Due
to this race of being the best, research
gets
highest
importance and
is valued
the most.
For example
,
due
to the increasing competition among the large cellphone
companies
, we have
so
many
mobile devices in the market these days with
different
features and capabilities.
In summary, the scientific
experimentations can
be best performed by the
privately
-
owned
firms
due
to the high availability of monetary resources and the sense of finishing
first
in the race of innovations. The ministry
is overwhelmed
with other focus areas which
prevents
them for accomplishing the same level of success.