In this contemporary era, the craze of research in science field has been proliferated day by day. Some group of people argue that the private corporation funded and conducted more scientific investigation instead of higher administration. Although, there are some drawbacks of this trend, but I believe that the benefits clearly outweigh the drawbacks.
To commence with, scientific study carried out by private companies can be more effective and provide accurate result than that of government study. To elaborate, private owned companies have enough funds to invest their money, also they are capable to buying equipment needed for study. It will increase the reputation of nation. To epitome, in USA, the private corporation pay their 60% of wealth in to research field and successfully completed their study without worries of money.
Moreover, it is not only beneficial for country, but also profitable for workers. To be precise, if private company provides better work environment for their workers, then they focus on their work properly. It will also enhance the job opportunities for person who have keen interest in science. To exemplify, according the one article that has been flashed in the Times of India, which revealed that, the 80% of the private corporation in India, provides better work environment to their workers.
On the contrary, there are some drawbacks of this trend, first and foremost is that, private companies doing unethical investigation of animal species as well as human body parts without permission of government. To elaborate, if this companies use animal and human body parts as their study, it will affect the environment and lead negative impact on society, as a result rare animal species could be in danger. To epitome, 85% of private companies use animal parts without involving higher authorities and doing inappropriate research study.
To conclude, there are both merits and demerits of this trend, however, I believe that funds provided by single owned companies and conducted studies rather than governments are more beneficial because, it will provide effective and accurate result of investigation. Also, companies have handsome amount of money to invest and conduct research.