“If you accustom yourselves to creativity in small things, creativity on a
larger scale will follow.” With the help of examples, explain how this
statement leads to economic development of a country?
Answers
Small innovations give more confidence to businesses for investing in research and development. Large scale creativity brings new high quality products which can compete with the others in the market. It can reduce the cost of production, improve profit margins making our economy developed. We can be the world leader in foreign trade if we export innovative products at best prices in the international markets.
Small innovations give more confidence to businesses for investing in research and development.
Large scale creativity brings new high quality products which can compete with the others in the market.
It can reduce the cost of production, improve profit margins making our economy developed.
We can be the world leader in foreign trade if we export innovative products at best prices in the international ma