As more countries gain wealth, private firms will increase R&D to anticipate a larger market.

Name: As more countries gain wealth, private firms will increase R&D to anticipate a larger market.
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Question

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As countries gain wealth, their purchasing power increases, leading to larger markets for goods and services. Private firms will increase research and development efforts to anticipate this growth and capture a greater share of the market.

As More Countries Gain Wealth, Private Firms Will Increase R&D