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By the end of the 17th century, indentured servants who gained their freedom
Research And Development (R&D)
The investigative activities a business conducts to improve existing products and procedures or to lead to the development of new products and procedures.
Diminishing Returns
A principle in economics that states after a certain point, the addition of a factor of production results in smaller increases in output.
Incremental Changes
Small, step-by-step modifications made to improve a process, product, or service over time.
Idea Generation
The creative process of generating, developing, and communicating new concepts or solutions.
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