IDNLearn.com is your trusted platform for finding reliable answers. Our experts are available to provide in-depth and trustworthy answers to any questions you may have.

How could government – sponsored grants for the private development of new technologies result in a lower national debt?

Sagot :

Answer: Making initial development private saves the government from funding all of the research.

Explanation:

A grant refers to an amount of money that is financial assistance thats given by the government or an organization to an individual or firm for a specific purpose. A grant is different from a loan as it isn't meant to be paid back.

Government award grants for the development of technologies, community projects, home insulation etc.

With regards to the question, a government – sponsored grants for the private development of new technologies may result in a lower national debt when the government makes the initial development private thereby saving the government from funding all of the research.