Introduction: There is no doubt that scientific research can provide a lot of wealth to a country. However, it is a matter of debate whether these researches should be carried out by governments or private companies. From my point of view, both the governments and private companies should be actively involved in scientific researches.
Paragraph 1: Why scientific researches should not be done only by government. Govt. has so much else on its shoulders.
Paragraph 2: Advantages of government funding the research
a. Researches into nuclear technology and national defence are very crucial. They cannot be left into the hands of private companies.
b. Some researches are only for the advancement of knowledge. In such research the private companies have no incentive. So the government should take the leading role.
Paragraph 3: Reasons for private companies to participate in scientific researches.
a. Researches are done more efficiently by private companies because they are profit driven. Every dollar is spent wisely to ensure maximum benefits and every resource is used effectively to avoid waste.
b. Also, researches by private companies are closely associated with market needs. Private companies are market oriented so they always come up with inventions that have practical values that can increase productivity and improve life. e.g. cosmetics, cough medicines.
Conclusion: Both should be active in scientific research. Some researches by only government. Some by private compared and in some the resources can be shared.
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