Income and wealth
Prosperity is created deliberately. It does not just happen by chance. Nations deliberately come up with policies to put money in the hands of citizens. The notion that the private sector drives the economy can be seen to be true only when the government plays its part to drive the private sector. Nations only develop when and only when there is consistent investment in infrastructure. Yes. Roads, bridges, ports, power and industry. Investments in these infrastructures will provide jobs to thousands of people thereby creating prosperity. Who will invest in the infrastructure? The government. Who will build/execute the projects? The private sector. Who will carry out the actual task in the execution of the project? The citizens. In this way, one bird is effectively killed with three stones; the government, the private sector and the masses all doing their part. The government initiates the project, mobilizes the private sector and receives taxes for its efforts. The private sec...