Question

Explain the influence of the public and private sector initiatives in promoting economic growth in the United States

Answer 1

Below are the some the uses of public and private sectors in promoting economic growth.

1. Public and private sectors helped in creating employment opportunities in US
2. Public an private enhanced the technological environment in the society
3. Public sectors in US has created good base for monopoly industries like, air force, nuclear plants, mining, ship building etc. are making good revenue to the government
4. Private sectors fasten the business operations of government, thereby makes huge revenues with less period
5. Public and private sectors providing good service to US people and making revenue to the government.
6. Public and private sectors enhancing economic stability of the US by good shares, exports/imports, currency exchange rates. Etc.

All these above public and private sectors initiatives are promoting good economic growth in the US.