INNOVATION, ENTREPRENEURSHIP AND ECONOMIC DEVELOPMENT

Description

Economic growth involves sustained and equitable gains in per capita income, as well as structural shifts in an economy’s product mix towards better value-added commodities and more effective manufacturing processes. Entrepreneurs can promote the reallocation of resources from less productive to more productive uses, which will help the economy grow. Entrepreneurs frequently act as innovators, introducing novel products and technologies to the market, developing fresh products, methods, and concepts, as well as commercializing new information. But it’s a common misconception that innovation by businesspeople has less of an impact on growth in low-income developing nations than it does in more developed ones. This book’s goal is to offer fresh viewpoints on three issues related to innovation and entrepreneurship in developing nations: What effect does innovation have on growth? This book is an edited book where authors have contributed their original research papers.