Why is innovation an important entrepreneurship activity?

Does laissez faire mean let sleeping dogs lie? What is budgetline in economics? What is the money earned by selling goods or services called? If unnecessary government borrowing and high tariffs are both harmful to the economy why do governments in democracies often about such economic policies? In the US what year did inflation start? How does the bureau of labor statisc calculate the rise in prices each years? Why does higher saving lead to higher GDP in the future? Who are responsible for the measuring of inflation rate? What annual expenditures mean? What kind of farming is based on an agreement between a person who owns land and tools and a person who does the work in return for a portion of the crops? What the following is measured by utility? What consumers use cost-benefit analysis in order to maximize? What is the definit lower orders and local political and social elite in terms of their 1 percentage of community wealth controlled 2 occupations 3 political and economic interests and 4 social labels? How do you get rich in Canada? Why is the monetary policy administered by the federal reserve the principal method of softening the effects of the business cycle? A country with an undeveloped industrial base low or medium human development and a low standard of living is an example? What is the value of a 1985 US 2 dollar bill? How many people in the US are worth more than 50 million dollars? Which of these statements is not true about the circular flow model of economics? Are recession or depression more common in the history of US?

Why is innovation an important entrepreneurship activity?