Private firms create wealth and jobs.

[basilfawlty]

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Do they…………….

A study by the SBA found that privately held firms (both employer and nonemployer) generated 36 percent of all sales and receipts among U.S. firms (including public and non-profits) in 2007.

But other researchers have estimated that in 2010, private U.S. firms accounted for nearly 59 percent of sales and nearly 49 percent of aggregate pre-tax profits

 

Whereas……….Privately owned firms in Sweden currently produce about nine-tenths of industrial output. Engineering, including the automotive industry, is by far the largest manufacturing industry, producing about half of industrial value added. The automotive and aerospace industries have their main plants in south-central Sweden.

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