What economic factors influence Nanotechnology development?
Economic factors play a crucial role in the development and commercialization of nanotechnology. The high cost of research and development, coupled with the need for specialized equipment and facilities, can be prohibitive for many companies. Additionally, the market uncertainty surrounding new nanotechnology products can deter investment. The lack of standardized regulations and safety guidelines further complicates commercialization efforts, as companies must navigate a complex legal landscape to bring their products to market.
