Which of the following is the source of most technological progress?
A)private research by firms and individual inventors
B)private research by firms and government
C)government research
D)government-sponsored research by universities

Question

Quizplus · Accepted Answer

Private research by firms and individual inventors has historically been the main source of technological progress. Companies and inventors have the financial incentive to develop new products and improve existing ones in order to increase profits and gain a competitive advantage in the marketplace. The free market system also allows for a wider range of experimentation and innovation, leading to more varied and potentially impactful ideas. While government and university research can also contribute to technological progress, they tend to be more focused on long-term, high-risk research rather than immediate commercial applications.

Which of the Following Is the Source of Most Technological