What is innovation economics?
Innovation economics is the study of innovation, technology, knowledge, and entrepreneurship.
Innovation economics aims to understand where new ideas come from and how we can put forward policies that will encourage the development of new ways of thinking. It has become increasingly relevant in today's knowledge-based economy as nations move away from an industrial model of production towards one that relies on innovation.
Innovation economics focuses on understanding how entrepreneurs create novel ideas which can lead to changes in products or production methods. It also considers how these changes can impact jobs and economic growth in a given society or nation.