= Economics of science
{wiki=Economics_of_science}
The economics of science is a subfield within both economics and the study of science that focuses on understanding the processes by which scientific research is conducted, funded, and utilized, as well as the economic implications of scientific advancements. It involves analyzing how resources—such as funding, labor, and materials—are allocated to scientific endeavors and how these investments impact innovation, technological development, and overall economic growth.
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