PPP is a very famous acronym whose many full forms are very famous, some of which are as follows.
Public-Private Partnership, PowerPoint Presentation, Purchasing Power Parity
We will discuss all these one by one in detail here.
PPP- Public-Private Partnership
As the name itself suggests, this refers to the partnership between a government company (Public sector company) and a private company.
When a government feels the need for a project that is necessary for the country, and it does not have the necessary money, the efficiency of the work and the skilled manpower for that work, it partners with a private firm, which is an expert in doing that work.
you can understand this in the simple words that this a partnership between a public sector and private sector in financing, designing and developing infrastructure facilities.
It is a time-bound partnership, in which a private company interferes with the work of the public sector, the purpose of this partnership is to benefit people quickly.
This type of partnership usually happens when the government has to build a road, bridge, college, airport, power plant etc.
The need for PPP (Public-Private Partnership)
Public-private partnership is very good for both the government and its people, plus it is also good for the company that joins this partnership.
This partnership guarantees the government that any project will be completed well, and the government can focus its attention on other important issues.
There are times when the government realizes that it is not able to do any work with efficiency, and it is suffering in that work.
So he looks for some private company, which is doing the same work properly and beneficially.
As an example, we assume that the government needs to build a bridge over a river, but it does not have the necessary infrastructure, manpower and money.
Now if the government itself arranges for infrastructure, manpower and money, then it may take a lot of time, and people may have to cross that river without a bridge for a long time,
Due to which the development of that entire area will get a negative impact.
Now if the government partnered with any private company, which has the necessary infrastructure, skilled manpower and money for the construction of the bridge, then this work will be done quickly and well.
After construction of the bridge, that private company will collect a fee from the passengers passing through that bridge, part of which will also be given to the government.
PPP (Public-Private Partnership) in the following sectors-
- Power Projects
- Health care
Benefits of PPP (Public-Private Partnership)
- Any project is completed quickly and professionally.
- Most of the risk is raised by the private firm.
- The government gets better returns on investment.
PPP- PowerPoint Presentation
PowerPoint is Microsoft’s slideshow presentation program.
using PowerPoint we can easily create, sympathize, and present our ideas in dynamic, visually compelling ways.
PowerPoint Presentation was created by Robert Gaskins and Dennis Austin at a software company in America named Forethought, on April 20, 1987.
A few months later Microsoft bought it for $ 14 million.
Today, PowerPoint presentations are used throughout the world to present any kind of presentation.
It is very easy to use, and when we create a presentation using it, it is visually so powerful, that the viewer understands easily.
Windows, Microsoft Excel, and Microsoft Word are other famous products of Microsoft company.
PPP- Purchasing power Parity
Through purchasing power parity, we can compare the economic productivity and standard of living of any 2 countries.
PPP means purchasing power parity is an economic theory that compares two-country currencies using goods.
We can compare two incomes between two countries using purchasing power parity.
some other famous full forms of PPP
PPP- Pakistan people’s party- a political party in Pakistan
PPP- People’s Progressive party- a left-wing political party in Guyana.
Similar full forms-
Ajay Kumar is an Electrical Engineer who has been working in the field of education for more than a decade. His education and technology related website and YouTube channel have been well-liked by the people. He is famous for explaining technical terms in easy language.
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