In Today’s World, Private Companies Rather Than Government Pay For And Conduct Most Scientific Research | Band 8 IELTS Essay Sample
In today’s world, private companies rather than government pay for and conduct most scientific research. Do you think the advantages outweigh the disadvantages?
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Band 8 IELTS essay sample
In the contemporary world, private organizations conduct scientific research instead of government institutions. I believe that this development offers more benefits than disadvantages. This essay will discuss the merits and demerits of research financed by private entrepreneurs.
To begin with, scientific research revolutionized the way the world lives. Nowadays, more and more private companies are conducting research which leads to more productivity and efficiency at work. Without research undertaken by private companies, we would not have mobile phones, electric cars or superfast processors. Another advantage is that when research is conducted by private companies, the government can focus on more pressing issues like poverty or unemployment. Governments have limited resources and if they had to spend a chunk of that on research, they will not have much money to spend in other areas. Obviously, private companies conducting research benefits the world in several ways.
On the other hand, private companies are profit driven and as such if they are allowed to conduct every kind of research, there will be some repercussions as well. Private companies are conducting research for their benefit. They will not sell their information. Actually, that is the main issue. They will keep the knowledge secret and avoid sharing it with the rest of the world. When governments conduct research, the information will be available for all for free. Another issue is that when private companies conduct research, the finding will almost always suit their business interests. For example, if coffee companies conduct a research, they will claim that caffeine has health benefits. We already hear of such studies almost every day.
To conclude, there are certainly several benefits to allowing private companies to conduct research. They drive productivity and innovation. At the same time, there are some downsides to giving private organisations absolute monopoly over their research findings.