In the world today, it is private companies rather than governments who pay for and carry out scientific research. Do the advantages outweigh any disadvantages?

Contemporary private
companies
invest more resources in scientific research than the
government
does.
People
often argue that
such
a trend will cause a negative impact on society because private
companies
might monopolize the entire market. From my perspective,
however
, the benefits of private
companies
serving as the main supporters far outweigh the disadvantages.
This
essay will illustrate the underlying reason that supports
this
opinion. The first reason is private institutions are more effective. It is undeniable that private institutions have to deal with less "red tape".
For instance
, SpaceX, a private company founded by Elon Musk-Tesla CEO, committed to the development of space travel. A test rocket exploded accidentally,
however
, the only words Elon Musk said is "Fail fast and learn faster".
In addition
to the increase in efficiency,
such
a trend can promote the
government
to allocate more budget to social welfare.
In other words
, the
government
can be more focused on benefiting its
people
.
For example
, the Chinese
government
, which is
also
developing space technology, was often complained
by
Change preposition
about by
show examples
their
people
. Most Chinese want their
government
to reinforce the stability of the economic system
instead
of sending "fireworks" into space. Some
people
might be worried that private
companies
can earn huge profits from the public and break the balance of the economy.
Nevertheless
, private
companies
have to face the high risk of developing advanced technology which the common
people
do not want to take. By way of conclusion, both social welfare and scientific research play a pivotal role in social development,
however
, the resources are limited.
Thus
, it is probably the best strategy for private
companies
to take the profits and the risk.
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Fully explain your ideas

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  • Paragraph 1 - Introduction
    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
    • Sentence 4 - Outline sentence
  • Paragraph 2 - First supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 3 - Second supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 4 - Conclusion
    • Sentence 1 - Summary
    • Sentence 2 - Restatement of thesis
    • Sentence 3 - Prediction or recommendation

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Essentional vocabulary list for IELTS Writing 7+

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Topic Vocabulary:
  • Innovation
  • Efficiency
  • Practical applications
  • Investment
  • Competitive landscape
  • Neglect
  • Confidentiality
  • Ethical concerns
  • Profit motivation
  • Fundamental research
  • Research diversity
  • National/global challenges
  • Regulations
  • Ethical oversight
  • Short-term gains
  • Long-term scientific exploration
  • Restricted access
  • Patents
  • Public-private partnerships
  • Scientific progress
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