STEPS TO WRITE ESSAY 💡MAIN POINTS💡OVERVIEW

I. Introduction
A. Definition of research and development
B. Importance of research and development in business growth
C. Thesis statement

II. Innovation and Productivity
A. Faster machines
B. Decrease cost of production
C. Decrease price of products
D. Increase productivity

III. Increase in Demand and Market Share
A. Increase in demand
B. Increase in market share
C. Increase in profits
D. More reinvestments

IV. New Products and Exports
A. New products produced
B. Larger exports
C. Enter new markets
D. No direct competition

V. Skilled Workforce
A. More skilled workers needed
B. Creating a bigger workforce
C. Provide information
D. Influence what is produced

VI. Conclusion
A. Recap of main points
B. Importance of investment in research and development
C. Future implications for businesses.