One of the main reasons that research and development is more complicated than other types of investment is that

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Research and development (R&D) is often considered a public good because its benefits can be widespread and not exclusively confined to the individual or organization that invests in the R&D. This characteristic makes it more complicated than other types of investment, as it can lead to underinvestment by private entities due to the difficulty in capturing all the benefits (positive externalities) of their investment.

One of the Main Reasons That Research and Development Is