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Government spending or expenditure includes all government consumption, investment, and transfer payments. [ 1 ] [ 2 ] In national income accounting , the acquisition by governments of goods and services for current use, to directly satisfy the individual or collective needs of the community, is classed as government final consumption expenditure .
The science policy of the United States is the responsibility of many organizations throughout the federal government. Much of the large-scale policy is made through the legislative budget process of enacting the yearly federal budget , although there are other legislative issues that directly involve science, such as energy policy , climate ...
Army Research, Development and Engineering Command (RDECOM) Army Research Laboratory (ARL) Army Armament Research, Development and Engineering Center (ARDEC) Engineer Research and Development Center (ERDC) U.S. Army Test and Evaluation Command (ATEC) Army Medical Research and Material Command (USAMRMC)
A large and complex web of factors influences the development of science and engineering that includes government science policymakers, private firms (including both national and multi-national firms), social movements, media, non-governmental organizations, universities, and other research institutions. In addition, science policy is ...
According to the Organisation for Economic Co-operation and Development, ″Gross domestic spending on R&D is defined as the total expenditure (current and capital) on R&D carried out by all resident companies, research institutes, university and government laboratories, etc., in a country.
The U.S. National Science Foundation (NSF) is an independent agency of the United States federal government that supports fundamental research and education in all the non-medical fields of science and engineering.
In macroeconomics, investment "consists of the additions to the nation's capital stock of buildings, equipment, software, and inventories during a year" [1] or, alternatively, investment spending — "spending on productive physical capital such as machinery and construction of buildings, and on changes to inventories — as part of total spending" on goods and services per year.
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...