Nowadays, many medical research projects are funded by private companies. In your opinion, do you think that the research should be carried out by private companies, individuals, or the government? Give a reason for your answer and include any relevant examples from your own knowledge or experience.

Medical advancement is the key development factor in a growing nation. As life progresses on earth, so do the number of different diseases being identified and their treatments being researched.

This

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research

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can be carried out by the

government

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or by private institutes or even by individuals. But most of the

research

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is carried out by private

companies

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and I agree with

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approach for

research

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. Private

companies

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are the ones owned by a specific person. They are free from certain regulations and dependencies

whereas

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the

government

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bodies have to adhere to

such

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norms. The

research

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conducted at private

companies

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is strictly timelined and managed. So the results can be obtained in a stipulated timeframe. They achieve

this

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by honouring and awarding people for their work.

For instance

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, during the pandemic, the CORONA Vaccine was produced by a lot of private

companies

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only in a short duration. If

this

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would not have been discovered in a timely manner, there would have been a much more loss of life

due to

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the virus. The other important factor for favouring private

companies

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doing medical

research

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is the better infrastructure and facilities available to carry out the experiments. Privately held organisations hold modern instruments and equipment which makes the

research

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process faster and more accurate.

On the other hand

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, the

government

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bodies lack in

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regard.

Hence

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the results produced by private

companies

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are much efficient and accurate. In conclusion,

government

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bodies will take a lot of time to pull out specific

research

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due to

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the lack of modern equipment and many regulations that they have to abide by. Private

companies

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,

on the other hand

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, use cutting-edge technology to perform medical

research

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in a timely manner so that it will help mankind in times of need.