why is innovation important for the economy? how we could enrich it?

Q: Why is the world growing so rapidly?

A: A distinct group of individuals belonging to a certain group or nation is referred to as a…

Q: How has technology flattened the world in terms of providing economic opportunity?

A: Technology has flattened the world.It has increased economic opportunities around the…

Q: effects of technology on the economy

A: In economics aspects, it is broadly acknowledged that innovation/technologies is the vital driver of…

Q: Why is productivity important for the economy?

A: Productivity refers to the ratio of quantity of output to quantity of inputs. It describes how…

Q: How are cities related to farming and the Industrial Revolution?

A: Cities got developed during the Industrial Revolution(IR) as laborers left their farms to cluster in…

Q: Why are people called as the real products of development?

A: Economic growth is a notion that reflects on the aggregate economic aspect of a specific nation and…

Q: Is economic is one of the most important thing in the world

A: Economics: Economics is the sociology that reviews how individuals communicate with esteem;…

Q: What does productivity growth has to do with economics?

A: One of the key sources of economic growth and competitiveness is the term called Productivity due to…

Q: Which economic system works best for societies?

A: An economic system is a system that determines the production and distribution of goods and…

Q: What is the meaning of the statement "Technology doesn't just get adopted because it works. It gets…

A: In a market, technology is one of the economic drivers that contribute to improving economic growth…

Q: What do economists mean when they refer to improvements in technology?

A: Factors of productions are referred to the inputs that are used in the process of production to…

Q: What is the best economic system?

A: Capitalism is an economic system in which the production and distribution are privately owned, the…

Q: how smart growth is making cities more sustainable.

A: Macroeconomics is a branch of economics which is important for a country. Aggregate demand and…

Q: capitalism

A: Capitalism represents the economy having full power in hand of producers or investors. They work…

Q: How does innovation disrupt the flow of an economy to any given organization? Discuss

A: When talking about the term 'disrupt' it can be said that it is the hurdle or disturbance in a…

Q: Does innovation start with creativity? Do you agree? Why or Why not?

A: The given statement is correct. Creativity is the ability or act of making something original and…

Q: discuss the different types of economies and how each one of them operates. discuss advantages and…

A: There are different types of economies practiced across different countries.

Q: What are the best institutions for achieving economic goals?

A: An institution is a social structure in which people tend to cooperate and also influencing the…

Q: Which companies engage in the circular economy

A: Circular economy: It is an idea of circulating resources in the economy in form of goods and…

Q: How scarcity helps in country growth?

A: Scarcity is known as the constrained supply of economic resources. Because of the restricted…

Q: How are the natural and technological environments linked?

A: Natural environment includes all the living and non-living things that are occurring naturally.…