What Is Meant by the Term Technological Spillover

question 8

Essay

What is meant by the term technological spillover?

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Definitions:

Buyers

Individuals or entities that purchase goods or services in a market.

Tax Revenue

The income that is gained by governments through taxation, which is used to fund public services, government obligations, and infrastructure projects.

Tax

Mandatory financial charges imposed by a government on individuals, corporations, or transactions to fund public expenditures.

Good

A tangible product or service that satisfies some human desire or need, which can be bought or sold.