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I strongly agree with the statement that research and progress cannot be flourished just by the individual efforts of private sector companies without enough support and cooperation of governments.
Numerous organisations are mainly focusing on their core competence which is doing trade and generating profit for their shareholders. I personally believe that it has become essential for the government to play an active role in motivating companies to contribute in innovating.
Competition has increased to a greater extent between various organisations. This has forced most of the firms to only concentrate on profits rather than innovations.
With the increasing complexity in the field of science and technology, it has been proved that in order to survive in this global economy, businesses should spend more in the field of research. However, most of the times, companies find it difficult to allocate adequate resources to research and development.
The question is added automatically. No copying needed.
The question is added automatically. No copying needed.
The question is added automatically. No copying needed.
The question is added automatically. No copying needed.
The question is added automatically. No copying needed.
The question is added automatically. No copying needed.