What is meant by the term 'spillover effects' in relation to investment in technological research and the role of the state?
A) The ICT function of business can impact across the value chain
B) It is often the case that if one firm develops a technological advantage that other firms will be able to share in this
C) That we haven't yet seen the true potential of ICT and that the benefits of the digital age will be much greater in the future
D) That we need to be careful about boosting technology if the side effect is unemployment

Question

Quizplus · Accepted Answer

Spillover effects refer to the phenomenon where the benefits of technological advancements or research by one firm or entity extend beyond its boundaries, positively impacting other firms or sectors. This can happen through various means such as shared knowledge, improved industry standards, or the development of complementary technologies.

What Is Meant by the Term 'Spillover Effects' in Relation