What is the ideal relationship of the public sector and the private sector in any society?
The public sector is a good idea but it has its limitations. It is unable to scale up employment requirement. It provides large-scale employment but the job remains the same. India needs more and more entrepreneurs who can think of innovative ways to involve university graduates in different professions that will allow them to earn a living and help others in society. The current economic crisis is caused by the private sector…? The situation has come to this due to lack of regulation by the State on the private sector. I really admire the Indian administration very much. The economy here is liberalising but there is watch and control by the State. In the USA, where the economy first collapsed during the current crisis, the private sector was allowed to exploit the State. The crisis is caused by the failure on the part of the government to correct the mistakes made by the private sector that misused a very flexible system. However, I see the economic downturn as an opportunity to be
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