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research and development  

Definition

  • Research and development (R&D) refers to the process of discovering new knowledge about natural and social reality. It is usually related to the application of such knowledge to create new and improved products, processes, and services that fill market needs or improve efficiency and profitability of a production process. [Source: Encyclopedia of Governance; Research and Development]

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https://concepts.sagepub.com/social-science/concept/research_and_development

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