How is the engineering requirement for space hardware precision described regarding market mechanisms?

Answer

It functions more like a forced diversification of a nation's technological portfolio

The intense necessity for precision and reliability in engineering hardware intended for space missions imposes a level of development that standard market mechanisms would deem too risky or prohibitively expensive to mandate through conventional means. Consequently, this concentrated investment in aerospace functions as a strategy of forced diversification for a nation's overall technological base. By accepting substantial upfront risks in one highly ambitious sector, it serves to unlock entirely new categories of solutions and technological capabilities that might otherwise remain undiscovered or underfunded through routine, less ambitious research avenues.

How is the engineering requirement for space hardware precision described regarding market mechanisms?

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