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This statement emphasizes that social and institutional innovations, such as changes in regulations or organizational structures, play a crucial role in supporting economic growth alongside technological and scientific advancements. By improving how societies and institutions function, it can create an environment conducive to innovation, productivity, and sustainable growth. Ultimately, a holistic approach that considers both types of innovation is needed to drive economic progress.

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Q: What is meant by this statement Social and institutional innovations are as important for economic growth as technological and scientific inventions?
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Latest technological and scientific innovation in the Philippines?

One recent technological and scientific innovation in the Philippines is the development of Diwata-2, the country's second microsatellite that aims to enhance disaster management and environmental monitoring capabilities. Another notable innovation is the use of artificial intelligence and data analytics in healthcare to improve patient care and optimize medical processes.


What are causes and effects of the enlightenment?

Causes of the Enlightenment include the rise of scientific knowledge, growing skepticism toward traditional authorities, and the spread of new ideas through print culture. Effects of the Enlightenment include the promotion of individual rights, the rise of democratic ideals, and the advancement of scientific and technological progress.


Did enlightenment merely popularize the scientific revolution or did it to more?

The Enlightenment did more than just popularize the Scientific Revolution; it also promoted new ideas about individual rights, reason, and democracy. It challenged traditional authority and beliefs, leading to significant social and political changes across Europe and eventually influencing movements for independence and freedom around the world.


How did the doubting of Greek authorities help usher in the scientific revolution?

The scientific revolution emerged as individuals began to question traditional Greek authorities, such as Aristotle and Ptolemy, and rely more on empirical evidence and observation. This shift in thinking led to the development of the scientific method and encouraged experimentation and critical thinking, ultimately advancing the fields of astronomy, physics, and other sciences.


What best describes a change that occured during both the renaissance and the enlightenment?

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Related questions

How have scientific discoveries and technological innovations create the need for rules and regulations to protect individuals and businesses?

The answer is Improved Weather


What has the author Arthur C Merrill written?

Arthur C. Merrill has written: 'Investing in the scientific revolution' -- subject(s): Stocks, Technological innovations


How have government policies which have encouraged competition and entrepreneurship resulted in scientific discoveries and technological innovations such as phone companies or electric companies?

Answers.com does not provide answers to tests. This is cheating.


What are good effects of inventions?

They tend to improve life for many people. But they put other people's nose out of joint. Computers have made millions redundant. But they have also created whole new industries.


What were the scientific inventions in around the world in 80 days?

In "Around the World in 80 Days" by Jules Verne, there were various scientific inventions mentioned, such as trains, steamships, hot air balloons, and telegraphy. These inventions were used by the characters to travel the world within the constraints of 80 days, showcasing the technological advancements of the time. The story explores the theme of progress and innovation in the 19th century.


When did scientific innovations began to decline?

Roman empire


When has nationalism led to technological and scientific advancements?

Nationalism has led to technological and scientific advancements in the late 19th century and early 20th century.


What is the technological effect of a scientific breakthrough?

Drop


What was Francis Bacon's inventions?

scientific method


Scientific Inventions in UK?

English muffins.


What are two major benefits and two major risk to scientific and technological advancements?

Major benefits and two major risks of scientific technological advancements


Do scientific inventions make us happy?

This depends on which scientific invention you are referring to. I would say that yes, many inventions make us happy.