Asked by Aqualaquisha Lebron on May 07, 2024
Verified
The share of research and development funding supported by the private sector has increased over the past three decades.
Research and Development Funding
Financial resources allocated for investigative activities with the intention of making discoveries that can help develop new products or services, or to improve existing ones.
Private Sector
The part of the economy that is owned and operated by individuals and private companies, rather than by the government.
Increased
Describes a situation where a quantity or value becomes larger or greater over time.
- Describe how research and development (R&D) contribute to the advancement of technology and the growth of the economy.
Verified Answer
Learning Objectives
- Describe how research and development (R&D) contribute to the advancement of technology and the growth of the economy.
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