What 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 often leads to technological progress as they have the motive of gaining profits from their inventions. They invest in research and development to create new products or improve existing ones to stay ahead of the competition. Consequently, this leads to technological advancements that benefit society as a whole. While government research can also contribute to technological progress, it often lacks the same level of entrepreneurship and competition that drives private research. Additionally, government research can become bogged down with bureaucracy and political agendas, which can hinder progress.

What Is the Source of Most Technological Progress