Glossary:Research and development
From Statistics Explained
Research and development, abbreviated as R & D, includes creative work carried out on a systematic basis in order to increase the stock of knowledge of man, culture and society, and the use of this knowledge to devise new applications.
Intramural research and development (R & D) expenditure is all the expenditure on R & D within a statistical unit or economic sector, whatever the source of funds. Also included is money spent outside the unit or sector but in support of intramural R & D (for example, purchase of supplies for R & D). Both current and capital expenditures are included.
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