Question

what is the innovater role in economic development?

class 10th
chapter - entreprenuer skills

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Answer 1

Answer:

Innovation is the process of putting new ideas into action. ... Entrepreneurs develop new ideas and, from their ideas, establish new enterprises that add value to society. In fact, entrepreneurs create wealth by creating something new or different or by searching for new opportunities as they arise to inspire new ventures.

Answer 2

Answer:

One of the major benefits of innovation is its contribution to economic growth. Simply put, innovation can lead to higher productivity, meaning that the same input generates a greater output. As productivity rises, more goods and services are produced – in other words, the economy grows.

Explanation:

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