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  Research and development refer to activities in connection with company or authorities innovation. Research and development constitute the primary stage of improvement of a potential new service or product. Research and growth are very difficult to manage since the defining characteristic of the analysis is that the researchers do not know prematurely precisely the way to accomplish the specified outcome. A single person who owns and runs a enterprise is commonly generally known as a sole proprietor, whether that person owns it directly or through a formally organized entity. Depending on the enterprise needs, an adviser can decide what type is proprietorship shall be most suitable. In latest decades, states modeled a few of their assets and enterprises after business enterprises. In 2003, for example, the People's Republic of China modeled 80% of its state-owned enterprises on a company-type administration system. Many state institutions and enterprises in China and Russia have