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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

Explain why the government might prefer to provide incentives to private firms to do investment or research and development, rather than simply doing the spending itself?

To determine

To state: The reason where the government agrees to offer incentives to private companies for R&D rather than spending by themselves.

Explanation

The government does not directly spend in the field of R&D rather they invests in more on physical infrastructure, human capital, health and education. The private companies have more experience for investment so the government helps by providing some incentives and subsidies.

The private firms can do it in a better way by focusing on the motto of more profit and more earnings...

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