Final answer:
Research and development (R&D) is the process of conducting activities to discover new knowledge and develop its practical applications. It involves creating or redesigning products or services for governments or corporations. R
Step-by-step explanation:
Research and development (R&D) is the process of conducting activities to discover new knowledge and develop its practical applications. It involves creating or redesigning products or services for governments or corporations. R&D is important for improving technology, increasing production, and providing improved safety and reliability. It can be funded by the government or private firms, but it can be costly and time-consuming.