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Are most big inventions funded by the public or private sector?
Wiki User
∙ 12y ago
Introduction;- Invention is conected with every people and country as well, so it is for every one. Every invention requires intelligent people, economic support, passion for inventing something new. Now the question is "are most big inventions funded by the public or private secter". before answering the question we have to know about public secter and private secter.
Public secter:- Public secter is which, who runs by the goverenment and it performing work for the people at large.
Private secter:- Private secter is where the work is performed by some people to own the profit and provided services to the people by their money.
who provide the funds for invention:- As we all know that invention needs intelligence, labour and wealth support as well. Public sector provide money to the scientists by imposing texs upon the people, but in India we have a lack of facilities and less government support that's why most of ours genioues preffer to live in foreign countries because they spends lots of money upon the inventers and scientists, proffessers.
In private sectors, we have same kind of problems, In private sectors, they wants outputs for their work,on the others side inventions needs time money. In private sectors money can be provides to the people for some point of time. It only for some point of time
Wiki User
∙ 12y ago
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