Examlex
What is the name for the space created by most metal cutting processes that remove a small amount of metal?
R&D Spending
Funds allocated by businesses, organizations, or governments towards research and development in order to innovate and improve products or services.
Development (Innovation and Imitation)
The process in which economies grow or change over time through the introduction of new technologies (innovation) and the adoption of successful technologies or methods from others (imitation).
Technological Advance
Refers to the development and application of innovative techniques, equipment, and processes that improve productivity, efficiency, and outcomes in various fields.
New Monopolies
Emerging dominant players in a market that manage to obtain exclusive control over a product or service, often through innovation or consolidation.
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