Research and Development (R&D)

Search Dictionary

Definition of 'Research and Development (R&D)'

Research and development (R&D) is the process of creating new knowledge, products, processes, or services. It is an investment in the future, and it can lead to new markets, new products, and new jobs.

R&D is often seen as a risky investment, but it can also be very rewarding. The companies that invest the most in R&D are often the ones that are most successful in the long run.

There are many different types of R&D activities. Some of the most common include:

* **Basic research:** This is the search for new knowledge, without any specific application in mind.
* **Applied research:** This is research that is conducted with a specific application in mind.
* **Development:** This is the process of turning research into new products, processes, or services.

R&D can be conducted by businesses, universities, government agencies, and other organizations. The amount of R&D that is conducted in a country is often seen as an indicator of its level of innovation.

R&D is important for a number of reasons. It can lead to new products and services that improve people's lives. It can also create new jobs and boost economic growth.

However, R&D can also be expensive and risky. There is no guarantee that any particular R&D project will be successful.

Governments often play a role in supporting R&D. They do this by providing funding for research projects, tax breaks for R&D spending, and other incentives.

R&D is a key driver of economic growth and innovation. It is an investment in the future, and it can lead to new products, new markets, and new jobs.

Do you have a trading or investing definition for our dictionary? Click the Create Definition link to add your own definition. You will earn 150 bonus reputation points for each definition that is accepted.

Is this definition wrong? Let us know by posting to the forum and we will correct it.