Role of Innovation in Economic Development
Description: This quiz evaluates your understanding of the role of innovation in economic development. | |
Number of Questions: 15 | |
Created by: Aliensbrain Bot | |
Tags: innovation economic development economic growth |
What is the primary driver of economic growth in modern economies?
Which theory emphasizes the role of innovation in economic development?
What is the process by which new knowledge is converted into economically valuable products, processes, or services?
Which type of innovation involves incremental improvements to existing products or processes?
What is the term used to describe the process by which new technologies or ideas spread from one country or region to another?
Which type of innovation involves the creation of entirely new products, processes, or markets?
What is the role of government in fostering innovation in an economy?
Which sector is often considered to be a key driver of innovation in modern economies?
What is the term used to describe the process by which firms or individuals adopt new technologies or practices?
Which type of innovation involves the combination of existing technologies or ideas in new ways?
What is the role of education and skills development in fostering innovation in an economy?
Which type of innovation involves the creation of new markets or the redefinition of existing ones?
What is the term used to describe the process by which new knowledge is generated and disseminated?
Which type of innovation involves the development of new business models or organizational structures?
What is the role of entrepreneurship in driving innovation and economic development?