Scientific research can be the most effective when done by private companies. Do you agree or disagree with this statement?

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Over the
last
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few decades, the growth of scientific
research
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has significantly improved as more private
companies
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have undertaken
research
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and development of products. I agree with the above statement.
Firstly
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, Private institutions have much more financial freedom than a government subsidiary.
For Instance
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, a private organization working on a product can use a lot of resources and they would not have any time restrictions for the creation of the particular result. They can
also
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provide twice the amount of effect compared to their parallel.
Secondly
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, private corporations could form an association with governments
companies
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to increase the development of a commodity if the necessity arises.
For example
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, in the recent pandemic, the government and private
companies
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have combined their efforts in the
research
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of a vaccine. Private organizations working on the vaccine have hastened the
research
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done on the vaccine in recent times. To summarize, I agree that
research
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done by private
companies
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can be the most effective, as they can provide faster product development and have bigger financial outreach.
Submitted by sampreethpashikanti on

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