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R&D spending, patents and economic performance

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What are the relationships between R&D spending, patents and economic performance?

© BrainMass Inc. brainmass.com September 22, 2018, 9:44 am ad1c9bdddf - https://brainmass.com/business/entrepreneurial-issues/r-d-spending-patents-and-economic-performance-553827

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The concept to focus on here is that the three are all related. One influences another. An aggregate increase in R&D spending is meant to fuel innovation and technological discovery. It's how companies stay competitive and develop new products. This in turn drives up patent applications as companies look to protect the ...

Solution Summary

A brief discussion of the relationship between R&D spending, intellectual property, and financial performance. Economic impact of new product development.

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