Government funding for research benefit society.Do you agree Essay

governance documentation for research benefit society.Do you agree - Essay ExampleHistorically, R&D has been an indicator for initiation in any given uncouth. For instance, the UK increased its spending on research and development between the geezerhood 1995 2011 to over 27 billion (Muscio, Quaglione and Vallanti, 2013). However, there was a decline in research funding at the onset of frugal crisis. Currently, UK establishment through RCUK (Research Councils UK) has initiated a new initiative known as due north Fund to strengthen innovation and research (Hicks, 2012). By definition, research refers search for new concepts and knowledge composition development is the process of bringing a new process or product from existing possible action and knowledge (Chu, 2008). Therefore, this piece of work recommends that government funding for research benefits a society by ensuring that the country has a healthy society, productive economy and contributes to sustainability. The impl ication is that research and science are the heart of the nations economic growth, wider wellbeing, and prosperity.The conclusion as to why the government should fund research and development is always open to debate. mystic sectors benefit from such initiatives, but they do not channel their benefits to societal well-being (Muscio, Quaglione, and Vallanti, 2013). However, it is the duty of the government to ensure that research and innovation is the core to economic growth. Central to this argument is that research and development has big benefits to the society thus the government is obliged to channel funds to this sector.One underlying assumption for funding research is that countries use R&D to facilitate new commerce, and the aim is to improve the quality of flavour (Hicks, 2012). In fact, research should be part of a societys infrastructure just exchangeable roads. As known to many, the government has the sole task of providing infrastructure, and it should take this as a responsibility. The