Example 174

LAG BETWEEN R&D EXPENDITURE AND PRODUCTIVITY

The decision to invest in research and development (R&D) expenditure and its ultimate payoff in terms of increased productivity involve considerable lag, actually several lags, such as, ".. . the lag between the investment of funds and the time inventions actually begin to appear, the lag between the invention of an idea or device and its development up to a commercially applicable stage, and the lag which is introduced by the process of diffusion: it takes time before all the old machines are replaced by the better new ones.''3

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Rules Of The Rich And Wealthy

Rules Of The Rich And Wealthy

Learning About The Rules Of The Rich And Wealthy Can Have Amazing Benefits For Your Life And Success. Discover the hidden rules and beat the rich at their own game. The general population has a love / hate kinship with riches. They resent those who have it, but spend their total lives attempting to get it for themselves. The reason an immense majority of individuals never accumulate a substantial savings is because they don't comprehend the nature of money or how it works.

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