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

research

can be carried out by the

government

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

research

is carried out by private

companies

and I agree with

this

approach for

research

. Private

companies

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

whereas

the

government

bodies have to adhere to

such

norms. The

research

conducted at private

companies

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

this

by honouring and awarding people for their work.

For instance

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

companies

only in a short duration. If

this

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

due to

the virus. The other important factor for favouring private

companies

doing medical

research

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

research

process faster and more accurate.

On the other hand

, the

government

bodies lack in

this

regard.

Hence

the results produced by private

companies

are much efficient and accurate. In conclusion,

government

bodies will take a lot of time to pull out specific

research

due to

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

companies

,

on the other hand

, use cutting-edge technology to perform medical

research

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