Question

The economy of a nation depends on the quantum of research and development activities.” – Comment on the statement and substantiate your views with real time examples.

Answer 1

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Answer 2

When a given nation has fully researched on the diverse sector of the economy it is most likely to upgrade its development level and since it is very much familiar with the field it will be able to no where they can invest and put its resources. An increased development activities will then lead to increased job opportunities which in turn increases the economic status f any given country.