Affordable innovations can have several potential impacts on the economy. They can stimulate economic growth by making products and services more accessible to a larger portion of the population. This can lead to increased consumption, which can boost economic activity. Additionally, affordable innovations can foster competition, leading to further innovations and improvements. They can also potentially create new markets and industries, leading to job creation and further economic growth.
Innovation is more than creativity; it is a process that is structured, with rules and best practice...
View summary