0
Why are creativity and ingenuity important factors in the growth and develoment of an economy?
Wiki User
∙ 13y ago
Economical development is based upon growth and competition of its' business sector. Competition forms from new products that may result in a new industry (or sector) or perhaps an improvement of a product/service. We can see many types of ingenuity throughout history that have given rise to new ways we think about the world (i.e. the newly developed "green" industry). This in return creates new jobs in the country and increases a country's GDP (Gross Domestic Product). Finally, this may give a country a political pull in other countries since the new product/service may mirror culture or beliefs that take place in the home country (i.e. French designer clothes, American style of food).
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Why is it important to recycle polymers?
* Economy of methan gas and oil * Avoiding pollution * Economy of energy
What economy is important in grasslands of South America?
timber
Why are US citizens so important?
US citizens are very important. They form the economy of the country.
Why are the Prairie Provinces and the St Lawrence Lowlands important to the economy of Canada?
major mineral resources
Why is it important to use industrial reactions with a high atom economy?
Atom economy is the percentage of the "wanted" product(s) in a reaction against all of the other calculated "waste" product(s).
Why is marketing important in an economy?
the study of economics is important because with out it we wouldnt have undersant the impact of develoment in business
Why is a strong economy important?
why is a strong economy important
How do copyrights and patents promote the progress of science and useful arts Why do you think framers granted this power to congress?
This power is granted by the Constitution, to encourage innovation and creativity, considered to be important to the economy.
What is important to the economy of Georgia?
what are the important features of Georgia's economy
Why banjaras are important for economy?
They are important for the economy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . because i dont know
How is andean region important to Argentina's economy?
How is the Andean region important to Argentinas economy
Why is fishing important to Washington?
it is important to the economy because it is 13% of washington state economy
What has the author Micheal Aldridge written?
Micheal Aldridge has written: 'The Role Of Creativity in America's Dominance of the Internet and New Economy'
Is granite important to New Hampshire economy?
granite is very important to new Hampshire's economy.
What was one of the most important differences between the northern economy and the southern economy?
What was one of the most important differences between the northern economy and the southern economy? The northern economy was industrially based. The Southern economy was agriculturally based.
Why shakeholders are important?
why are shakeholders important in our economy
What is core economy?
I think it is a very important or good economy.
