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As of late, technology is being invested more by private corporations than by the authorities. In my point of view, this development is completely positive and this essay will discuss some of the main reasons for this development.

Some reasons lead to this phenomenon. Firstly, private organizations tend to prioritize developing technology to attract more customers. Taking advantage of consumer psychology is that they are more likely to incorporate modern technology into their daily life, private ownerships try to develop more in technology to make a profit from it. Secondly, governments have to spend their money on not only the technology development but also many other things such as health service and roads repairment. That acts as a precursor to the lack of money to be spent on improving the technology.

In my opinion, this development is beneficial to human life. Technology plays an important role in today's life. The better the technology is, the better our life gets. Moreover, if private companies eject money into improving the technology, it will ease the burden for the governments on spending the national budget on this field. That money can be spent on improving the facilities and education instead and help improve the country.

In conclusion, two reasons are leading to this rising trend which comes from both the private companies' and the authorities' sides. Furthermore, I subscribe to the view that this development is positive due to the profits that it brings to individuals and society.

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As of late, given the advance of mordern technology, private organizations has shifted their intention to technology field. As far as i am concerned, there are a myriad of reasons that can be associated with this and many recurring problems has risen as a result of this.

To begin with, some reasons can be attributed to the investment made by private organizations. The most outstanding reason is that in comparision to the governments, who has to cover in numerous field such as construction, agriculture and education, private organizations can earn lucrative profit by solely concentrating on technology. Hence, it would be much more suitable for these kind of companies to make investment. Another reason that can be taken into account is the competitive environment. If one companies fall behind others, it will be on the verge of bankcrupcy. As a results, investing in one of the most prominent field like technology is of importance paramount for the development of the companies.

With the aforementioned reasons, i firmly believe there are serious issues. The first being that the illegal business if the companies not being monitered by the authorities. For example, the companies might take advantages to commit forbidden transaction to earn a score of money. The second reasons being the foreseen consequences like pollution. Furthermore, this can exert detrimental to the welll being of citizens.

in conclusion, there are many reasons for this and many consequences have arisen

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In today’s era, private institutions are funding more money in technology than authorities. From my perspectives, there are several factors that cause this phenomenon, and this is a positive enhancement. In this essay, I will analyze the reasons for this situation and explain my given notion.

There are two main reasons why nonpublic organizations spend more budget on technology than the government. In fact, high-tech industry has been more and more lucrative in the recent years, thanks to its dramatic development. Therefore, many private parties have been investing much money in this industry so as to maximize their revenue. On the contrary, public bodies have to invest in not only a particular sector such as technology but also others. Moreover, they also need to spend money in order to address many alarming issues in the society. Hence, the government is not capable of using much money to spend on technology. Besides, technology spending of private organizations has been recalibrated by the pandemic of COVID-19. This severe disease has forced companies to support the rapid transition to a distributed workforce. Thus, corporations and institutions must establish an online working system, which can help the employees to collaborate and accomplish their work securely and conveniently.

With all the given reasons, I am in accordance with the view that this phenomenon is completely positive and beneficial. the increase in the investment of private companies in technology is synonymous with the fact that governments do not have to spend more money to improve the virtual infrastructure. as a result, the authorities can use their budget to solve other issues of the nation. For example, instead of spending money on technology the government can improve the public transportation system, address famine, poverty and so on. Besides, the productivity can be also promoted more considerably. the technology advancement enables companies to automate the manufacturing process. Therefore, the work progress can be accelerated dramatically.

In conclusion, this phenomenon has been caused by two key reasons. The first rationale is that technology is a lucrative industry, and the other is the influence of COVID-19. Moreover, from my perspective, this situation is a beneficial development.

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It is apparent that there has been a trend corporations putting more funds into technology than governments. This essay will discuss the reasons behind these developments and explain why this is a positive change.

There are multiple reasons behind this phenomena. Firstly, due to a rise in need of technology, companies specializing in this field has been competing fiercely for the attention of consumers recently. In order to attract customers, private companies need to spend an large amount of resources into research and creating products that allow them to outshine their rival companies. Moreover, technology aren't getting as much attention from authorities because they also have to put their budgets on other departments such as healthcare and military.

Aside from the aforementioned the reasons , I am in accordance that corporation offers technological advances more investment than government is a positive development. Due to the competitive nature of the technology market, companies will continue to create and release new product, thus, greatly increase the speed of technology advancing. Furthermore, it is much easier to access private stores so getting one's hands on a technological device is much easier when it is being distributed by private companies. Leading the use of technology much more popular and widespread.

In conclusion, governments got more on their plates than just technology which is why corporations stepped up and take control of the development of technology. In my opinion this is a positive development as it will further push the speed of advancement in technology and make modern devices accessible to more people.

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It is apparent there has been a rising trend in corporations investing more money in technology rather than the authorities. This essay will look into the reasons for this notion and explain why this is a positive development.

To commence. there are several reasons for this phenomenal.Firstly, due to the appearance of various tech companies in the last 20 years , the competion to gain customers between companies is higher than ever before. In order to attract users, private institutions need to spend an enourmous amount money to research and produce new technologies that's going to be worth spending money on.Secondly, the reason why the government is not investing as much as private institutons in technology is due to the limitation of budget and there are other departments that is more worthy of expenditure than technology. When it comes to government's expenditure, there's a whole lot of departments that needs investing such as the healthcare,education,military and so on.When compared to those other departments, technology would seem insignificant because it would not be able to solve poverty, illiteracy, terrorism.

Besides the reasons that I have stated, I am in accordance that corporations investing more money in techonology than the government is a positive development. Firstly, due to the competitive market of technology, companies need to compete to release the best products that will attract users, thus creating a  range quality products will that satisfies the average consumers.Secondly, corporations tend be more open-minded than the authorities, so it is only natural that the products of private companies would be much more diverse and creative when compared to that of the government.

In conclusion, the highly competitive market of technology and the unimportance of technolgy in the government's eyes are the reasons why this phenomonal is occuring.In my opinion this notion is beneficial due to the elevation of the users experience and the diversity, creativity of the products released by private institutions and

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In today's world, private businesses invest more in technology than governments. In this essay, I will demonstrate that this is a positive development and also discuss reasons for the phenomenon.

To commence with, there are two main reasons that lead to the increase of investments in technology of private organizations. It is undeniable that technology is begin to be more and more popular and vital in our daily life day by day. Nowadays, almost every single company are now searching for them the most efficient way to become more and more prominent and trendy on both local and international markets, they ascertain high-tech gadgets as a perfect tool to increase their revenues and meet customers’ demands. Furthermore, since there are numerous pressing societal issues that should be prioritized, governments are no longer embracing technology developments, which are invariably coupled with prohibitive costs. For instance, to address the lack of water, many dams are built to provide people enough water for their daily life.

Beside the reasons I mention, I contend that these developments can bring about massive benefits in both individual and societal scale. There is no doubting that when a private corporation spends more money on technical equipment than the government, the government may use its resources to address critical concerns. In addition, the authority can utilise the public's budget for more alarming issues. Moreover, the increase of income in these private organisations would also lead to the upgoing income of government funding through various type of taxes out there, both benefitting the companies as well as the government themselves.

In conclusion , there are two reasons that lead to the increase of expenditure focused on technological development for private organisation rather than the government. In my opinion, this phenomenon can exert positive bearings on both individual and society

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As of late, private institutions are directing more revenue to technical commodities than government agencies. This essay will discuss the reason for this phenomenon as well as my perspective on why this is a conducive development.

To begin with, there are numerous reasons why private businesses invest more in technology than the authority. The first justification is that nowadays, technology is becoming a popular area worldwide with billions of consumers and developers. From that, investors could earn millions of dollars per day from the returns. Moreover, because there are numerous existing critical societal challenges that need to tackle with, technology developments, which are invariably coupled with prohibitive costs are no longer the priority. For example, the Vietnamese government today has to apply a deep reduction in travelling costs, which might have an extensive effect on national finance, to cope with the negative impact of the COVID-19 pandemic on the tourism industry.

For all of the aforementioned reasons, I believe that this phenomenon is entirely positive and useful. Technology is getting more and more competitive as there are more private entities investing. As a result, technology will strongly advance which enhances human lives in various aspects. Furthermore, the fact that private enterprises are investing more in technology means that governments will not have to spend additional money to upgrade the virtual infrastructure. Therefore, the authorities will be able to use their budget to address other national challenges as transportation, education, or environmental protection.

In conclusion, there are two major reasons why private enterprises spend more money on technology than the government. More developed technology would bring higher returns for the companies, whilst the national budget could be spent on more alarming issues. From my viewpoint, both reasons support the notion that this phenomenon is a significant advancement for humanity.

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As of late, there is a growing trend toward the colossal amount of private institutions’ monetary investment. This phenomenon has aroused much controversy since people think that the government expenditure should be diverted into technology more. This essay will clarify the factors that lead to prior phenomenon and the effects of it.

To commence with, there are myriad of reason why private corporations decide to spend more money on technology than the government. First and foremost, it is undeniable that technology is begin to be more and more popular and vital in our daily life day by day. In light of the fact that almost every single company are now searching for them the most efficient way to become more and more prominent and trendy on both local and international markets, they find out utilizing the budgets for high-tech gadgets can both burst their sale revenues and meet the customer’s demands. On the other hand, the government can invest and develop money into cutting-edge devices like other private sectors but the their possibilities to attract and satisfy the customers’ expectations is quite low due to their obsolete commercial advertisement. Due to the lack of professions in this particular field, they might find it difficult to perceive the consumer’s need as skillful as people who have been working in their industry for years. These are the two main reasons why private businesses spend more budget on electronic devices than the authority.

Beside the aforementioned statements, I hold a strong view that the benefits of this enhancement is undeniable. As more and more money invested into technology, this industrial field will become more competitive and develop rapidly through time. Hence, the massive rise of economy and fame from certain country is undeniable. Moreover, there are numerous issues in the society now that need to be solved by the government coffers instead of technology. This situation manifests itself starkly in the case of environmental pollution. Thousand, million or maybe billion dollars have been allocating over a decade just to construct a number of filter systems and afforestation plans, plus a large amount of effort protesting and encouraging people's consciousness, make it more clearly to figure out how challenging it can be to solve the problem completely. This is a testament why having more private companies investing in technology than authority is beneficial.

In conclusion, the company's efficient  interaction with customers as well as their ability to immediately meet customer’s expectations is the key driving force to the different expense in technology among authorities and private sectors and this phenomenon is indeed a great development to humanity.

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Generally, authorities have been in charge of allocating finances to produce big technological developments. Nonetheless, a new trend has emerged in which private companies are spending increasing funds to technological resources. This phenomenon, in my opinion, may be attributable to a multitude of circumstances and has significant implications.
To begin with, this phenomenon may be explained in two ways. The first justification is that, because people in today's society are primarily dependant on technology, investment in high-tech commodities might result in significant revenues for a firm. As a consequence of this significant advantage, the corporation must focus on manufacturing technological items to meet the public's wants. As a result, this strategy will encourage a wide range of consumers to acquire this technical goods, greatly increasing their revenues. Second, the government's funding for developing technology will fall short of public expectations owing to the government's archaic method of gauging citizens' preferences for high-tech items. As a consequence, if they invest in a technological field that does not meet the demands of the people, they may incur financial losses as a result of their irrational investment.
From a number of views, this event will undoubtedly be beneficial. Technology grows into an industry as more private enterprises invest in it, making it more competitive. As a result, technology will continue to advance at a breakneck speed, enhancing our lives in every way. Furthermore, providing cutting-edge amenities while also ensuring that the government is concerned about the environment and living circumstances may be helpful to everyone's lives. The falling frequency of crimes in the Germany, where authorities spent the majority of their budget on raising public cognition, demonstrates this. This is an example of why private enterprises are better at investing in technology than the government.
Ultimately, private companies invest in technology in order to improve the quality of their products and services. Governments, on the other hand, do not invest in technology since it is not the most cost-effective way to enhance their operations. Whatever their reasons, they are all striving toward the same goal: growing profits for the firm and society as a whole.

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Technology investment has always been a topic of interest in this day and age. It can be seen that private companies are investing more in technology than the government. From my point of view, I fervently believe that there are various reasons that results into this phenomenon and this can be seen as a beneficial development.

First and foremost, there are two main reasons that lead to the increase of investments in technology of private organizations. Cutting-edge technology plays a very important role in various industries as they improve the efficiency of production, therefore increasing the average income of these private companies. For example, complicated work such as calculating would require computer assistance due to how a human could make a mistake in the calculation. Moreover, the fact that government funding is mostly for important global problems such as pollution and greenhouse effect proves that the government does not invest much in technology.

Aside from the provided reasons, I am submitted to the view that this groundbreaking improvement is conducive. There is no deny that when private companies have more expenditure focused on technological advancements, the authority can utilise the public's budget for more alarming issues. Moreover, the increase of income in these private organisations would also lead to the upgoing income of government funding through various type of taxes out there, both benefitting the companies as well as the government themselves.

All in all, there are two reasons that lead to the increase of expenditure focused on technological development for private organisation rather than the government. The higher technology would help the company with tackling various tasks and execute them precisely, whilst the government could use their funding for more alarming issues such as global warming.

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In this day and age, more technology products are  invested by private companies rather than the government. The following essay will explain the cause that lead to this  as well as why it is a beneficial phenomenon.
To commence, this deed has various reasons. To begin with, A private organization is any partnership, corporation, person, or agency that is not operated by a profit or a public body, includes all businesses that are for-profit that are not government owned or operated. Such companies are created on the basis of a lack of growth by the government. Since then it gradually overwhelms the influence of the ministry in technology investing. Moreover, the needs of the people are increasing, so the government can hardly meet all those demands.
There are several possible reason why this is an advantage. The first reason is that private companies carry out the technology expeditiously, because there can be numerous private institutions working on the same project. The result by this reason can be completed very quickly so it is beneficial for the public. Furthermore, such companies are often closer to people than the government, they know what those people need and can respond much faster than the authorities.
In conclusion, this could be a win-win for everyone as it can throughly solves the people's problems more than the government itself.

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As of late, private institutions are monetarily investing more in high-tech gadgets than the authority. Reasons for this phenomenon will be discussed and given personal perspective.

To commence with, there are countless reasons why private organizations spend more on technology than the government. Firstly, developed technology attracts customer. A common mindset nowadays is that newer and more expensive is better, hence the reliance on technology brings customers to trust and choose institutions with excessively invested gadgets. Moreover, customer interaction is the key to a business's success for new patronage mostly come from feedbacks and modern technology makes customer service easier and more efficient. As a result, private companies allocate more budget on digital commodities since it brings them profit and new customers. In comparison, governmental based organization do not need profit nor new customers, they have financial support and reputation without the need for marketing. Furthermore, governmental agencies are responsible for oversight and administration of specific functions, so there are tremendous priority to cover monetary wise rather than prohibitive expenses for up-to-date technology.

Besides the reasons given, I am in accordance with the view that this enhancement brings massive benefits. Utilized transmission speed and mass spread information storage, as used by nongovernmental organizations for interaction, if used by the government will sure help tackle urgent problems more precisely, at a faster pace. Take the COVID-19 pandemic in Vietnam for example, newly developed mobile applications have made it easier to track the infections, narrows down exposed areas for medical help to function efficiently.

In conclusion, as for the time being, the sole trigger to developing technology is profit and there is no rush for technological advancement in authority agency. The importance of high-tech gadgets however are undeniable and will bring merits in the foreseeable future.

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As of late, more private institutions are investing in futuristic technology rather than the ministry. The following essay will both explain the reason behind the doing and why this phenomenon is an advantage.
To commence, there are several explanations why many private institutions are more spending money in this field than the government. Firstly, technologies are becoming a favoured field amongst the globe with billions of users and developers, investors could earn up to millions of dollars everyday from the returning profit. It is undeniable that people rely on technologies in their everyday habit as, by investing in crucial area of technologies, companies could make an outstanding profit and use it for other purposes.

From my perspective, this tendency is supposedly an advantageous movement for both the private organisations and the government. Evidently, it boost a country both the economy and their reputation. More and more investors are getting involved the technology field, therefore governments wont need to lay their hand in it but the economy would still rise and their country's reputation will be more known. In addition, governments could focus on other demands or issue such as needed constructions. Rather than having a colossal expense on technology, governments could put their money in areas that could instantly benefit the society. For example, the money to invest in high-tech machines could be used to build a dam or a bridge for the civilians.
In conclusion, profit is the sole reason behind this phenomenon and its an advantage movement for both the private organisation and government due to its positive effect on the economy and influence of a country and it would less of a diversion for the government from other issues

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In this day and age, it is a fact that technology is being invested in more by private companies than authorities. This essay will analyze the reasons for this phenomenon and I contend this brings about several merits.

To commence with, the reasons behind this trend is limitless. First and foremost,companies are in need of cutting-edge technology. Nowadays, it is undeniable that technology invades in almost every profession such as healthcare, finance, food... Technological tools aids their productivity and efficiency. For instance, without the assitance of computers, human used to took long hours to calculate statics finance-wise. Therefore, injecting money in technology can enhance their output. In addition, government spending are mostly spent on more vital issues such as environment or famine. As a result, the public funding will be spent less on technology.

Clearly, this phenomenon will have positive impacts on various perspectives. By having more investments of private institutions, technology becomes an industry and be more competitive. Thereby, technology will day-by-day developed, escalating our lives in every aspect. Moreover, everyone's life could have support, with simultaneously provided state of the art facilities and having government care regarding to the environment, living conditions. This can be seen by the decreasing number of crimes in Netherlands where authorities used a majority of their fund on civic educating. This is a testament to why having more private companies investing in technology than government is beneficial.

In conclusion, the greater number of companies in comparison to the government. investing in technology have uncountable potential. Two primary factors of this movement were explained, with improvements in companies's products and the less important of it comparing to other urging situation. This phenomenon is indeed a great development to humanity.

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In today's world, private businesses invest more in technology than governments. In this essay, I will demonstrate that this is a positive development and also discuss reasons for the phenomenon.
There are various reasons for this change. To begin with, because private enterprises are so numerous, they are fiercely competitive and eager to incorporate current characteristics in order to increase income, particularly technology. As a result, it's comprehensible why these unnamed firms pump such large sums of money. Furthermore, because there are so many critical societal challenges to address, governments are no longer embracing technology developments, which are invariably coupled with prohibitive costs. For example, in order to entirely eliminate the illiteracy rate, enormous financial resources must be provided to build educational facilities and pay instructors' salaries.
Whatever the reasons may be, I believe that this improvement is beneficial to humanity. There is no doubting that when a private corporation spends more money on technical equipment than the government, the government may use its resources to address critical concerns. This can be shown in the fact that if the public sector uses its funds to combat the hunger in their country, there is little doubt that the issue will no longer have negative consequences for their country. This is proof that this phenomenon is advantageous to the development of one's country.
In summary, there are two primary reasons for this trend, one of which is to benefit the company's profit and the other is to take advantage of countless opportunities to collaborate with other institutions in order to produce new high-tech commodities. Furthermore, adopting this beneficial change is a no-brainer because it allows the authority to utilize their funds to combat the country's various challenges.

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In this day and age, it is the private institutions that are diverting more funds to technological commodities than the authority. From my standpoint, I vehemently agree that there are several reasons for this phenomenon and this is a beneficial improvement.

First and foremost, there are two main justifications for this phenomenon. The first reason is that investment in high-tech commodities can act as a prosecutor to an enormous profit for that company since people in this day and age heavily hinge on technology. Having known this huge merit, the business has to focus on developing technological items so as to meet the people's demands. As a result, this strategy will attract a wide range of users to buy this technological commodity which will benefit their profit substantially. Secondly, the government's funding for developing technology would not meet the people's expectations in light of their outdated method for researching the resident's tendency of high-tech commodities. Hence, should they invest in the wrong field of technology that does not meet the people's demand, they will cope with a financial burden from this nonsensical investment.

Aside from these provided reasons, I am inclined to the view that this groundbreaking development is unquestionably conducive. It is the government that can spend the funding on tackling countless alarming issues when private institutions invest in high-tech gadgets. Without a doubt, these urgent problems can be alleviated or eliminated completely in the foreseeable future. This can be observed in the fact that if the government sector uses the budget to address crime as of late instead of developing technological items, this pressing issue may be diminished or vanish. This is a testament to why this phenomenon can trigger huge merit to mankind.

in conclusion, there are two noticeable reasons why private sectors allocate more budget on high-tech commodities than the government and this is such an advantageous improvement to humanity.

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As of late, there has been a trend over recent years for corporation to invest in technology rather than the authorities. In my viewpoint, I believe that this factor can bring about constructive consequences,

To begin with, private company has many reason to this deed. Firstly, corparation needs to keep their working environment and products up to date. Higher price can be applied to new products manufactured by new and progressive technology as the quality it makes is several times more than the one produced by old gadgets. For example, a computer which is produced with modern components can be twice as dear as the outdated one. Beside, modern working environtment can boost employees motivation and work more effectively. This lead to the increase in the outcome quality and profits of the company. On the other side, the authority does not spend much on technology due to the property of this type of work. Governments need preeminent people with towering mind to come up with solution to lead the whole country, which cannot be completed by machine, explaining why spending on technology of authorities is not as much as private organizations.

In my point of view, this phenomenon is actually advantageous, as it marks an obvious advance of the society and the economy. To commence with, not spending on technology can open more doors for the government to invest in others field of the society, such as solving environmental issues and and unemployment. As government does not invest on technology, they can use that money on the society, solving problems and improve living standard. In addition, there are numerous country which need to be zoned and the saving of government can be a enormous support to cities. Moreover, the development of organization created by technology can bring chances to coorparate with others oversea company. High technology offers company with high quality outcome, this means giving them fame to be recognised by big coporation, giving the opportunity to learn new techniques, knowledge and provide company with more potential customers.

In conclusion, private organizations invest in technology in order to improve the products and outcome quality. In contrast, the reason why governments do not invest on technology is that it is not the most eficient way to ameliorate their work. However, despite the difference in the reasons, they all heading to the same goal, which is gaining profits to the company and society.

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In the modern days, the field of technology is being invested by private companies more than the government. From my perspective, this is a positive development and the following essays will discuss reasons for the phenomenon.

To commence with, in my opinion, there are two reasons why technology is being invested more by private organizations than the government. Firstly, technology has better interaction with the customers, who are the most important factor to the success of business. Companies have better interaction with their customers due to their young employees. Since they are young, they are likely to know prevalent and up-to-date methods to attract customers, which consequently would be profitable for companies. In comparison, the government may have financial ability but they probably do not attract customers due to their obsolete methods of marketing, which mostly results from the aging employees. Secondly, investing in technology is profitable. The reason would be customer’s ever-increasing demands for high-tech products. This leads to more investment by companies to immediately meet the expectations, which ultimately becomes a profitable field for private organizations.

With the statement being that private organizations make more investments on technology than that of the government, I am of the opinion that this is a positive development due to the following reasons. Firstly, spending less money on technology is not a negative development for the government because they can invest that amount of money on solving more pressing issues such as pollution, crime and education.  Secondly, as mentioned, the authorities are unable to stay connected with the modernized society and the customer, thus allowing more companies to invest in the field is synonymous with the nation’s exponential economic growth, since they are capable of producing effective outcome, even superior than the authorities.

In conclusion, there are two reasons why more private companies allocate more money on technology than the government, with the first reason being company's better interaction with customers as well as their ability to immediately meet customer’s expectations.

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As of late, private institutions are monetarily investing more in high-tech gadgets than the authority. This essay will take a provocative look at some reasons behind this phenomenon as well as my standpoint on why this is a conducive development.

To commence with, there are countless reasons why private sectors spend more budget on technology than the government. First and foremost, excessively investing in technology enables that institution to have a substantial profit from the users. There is no denying that technology is a vital determinant in present-day society and thus the increase of people's demands for it is quite plain. Hence, heavy investment in high-tech commodities can meet the people demand which boosts the profit of that private sector paramountly. Furthermore, spending a tremendous amount of budget on technological commodities would enhance the finance of that company since it provides countless opportunities to corporate with other institutions in the technological field. Thus, these cooperations may be merged so as to manufacture the groundbreaking high-tech gadget which will be conducive to the finance of these companies. This reason manifests itself starkly in the fact that the mobile phone business called Samsung corporates with Apple which is also a mobile phone company. Consequently, they have successfully created a Miami which is a breakthrough of phones recently. These are the two main reasons why private businesses expense more budget on digital commodities than the authority.

Whatever the reasons are, I am in accordance with the view that this enhancement exerts an advantageous bearing on mankind. There is no denying that when the individual company spends more funding on technological devices more than the government, the authority can utilize their budget to cope with alarming issues. This can be observed in the fact that should the public sectors use their funding for tackling the famine in their country, it is unquestionable that this issue will no longer exert adverse outcomes on their nation.  This is a testament to why this phenomenon is the beneficial improvement of one's nation.

In short, it is worth noting that there are two main reasons behind this tendency encompassing benefiting the profit of that company as well as numerous chances to corporate with other institutions in order to manufacture new high-tech commodities. Furthermore, it is such a no-brainer to embrace this conducive improvement since it enables the authority to use their funding to cope with the numerous threats of their country.

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Nowadays private organizations are investing more in technology than governments.

What are the reasons for this?

Is this a positive or negative development?
Deadline: By next Monday

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Traditionally, authorities are responsible for diverting fund to adopt momentous technological leaps. As of late, however, there is a converse trend that private corporations tend to allocate more money to invest in technological resources. In my standpoint, I believe that this phenomenon can be ascribed a host of factors and would offer substantial consequences.

There are several justifications for this shift. To commence with, due to the proliferation of private companies, they are so competitive and willing to adopt modern features in order to enhance revenue especially technology. Thus, it’s understandable why a colossal amount of money is injected by these non-stated businesses. Additionally, since there are numerous pressing societal issues that should be prioritized, governments no longer to embrace technological advancements which is always associated with prohibitive expenses.  Education, for instance, to completely diminish the illiterate proportion, tremendous financial resources have to be contributed to erect educational institutions and cover teachers’ salary.

Beside these mentioned reasons, I concur that this development can bring about massive benefits in both individual and societal scale. Firstly, the urge to invest more money to adopt high-tech facilities can ameliorate the productivity as well as the product’s quality which act as a precursor to falling trend in prices that conducive to customers. This argument is also reinforced by the fact that once financial resources are exploited to solve other major problems by governments, citizen’s well-being is in general improved. During Covid-19 pandemic, in light of abundant financial resources, Vietnam’s leaders are success to minimize fatality rate by immense vaccination campaign.

In conclusion, the desirable urge to boost productivity and the advent of crucial issues are the key driving forces for the financial differences between authorities and private organizations in terms of chasing innovations and I am in accordance with the fact that this phenomenon can exert positive bearings on both individual and society