Best scientific research 2022

BEST SCIENTIFIC
RESEARCH - 2022 
44 
Basically, the innovation economy is focused on the creative attitude of people to the 
problems and ability of making new ideas and services to set up their business or just for 
the easier standards of living in the society.
Moreover, the recent changes in the economy because of innovations also can be 
vivid examples why should we rethink about some tips of economy, including capitalism or 
businesses now? 
In general, Professor Nathan Rosenberg, from Stanford University told that there are 
two fundamental ways of economic output increase: 
• 
Increase of inputs for better productivity processes
• 
Discovering new ways of taking more outputs by using the same amount of 
inputs
[2] 
In this circumstance, the reason how innovation can help us to have economic 
prosperity is brightly explained and the next part will cover the digital effect to human capital.
Entire communities are increasingly altering their emphasis. Income disparity is a 
topic that is gaining traction, with the new shared objective of improving the quality of life for 
all. This is only achievable through increasing wealth via the development of new business 
models, goods and services, and modes of production. 
Companies are now investing in and driving innovation through acquisitions and 
mergers.
Then, some bigger corporations have utilized this as a strategic option rather of 
investing on their own, mostly to take advantage of the margin premium, as well. This 
innovation premium is the key to driving economic development. 
Growth domestic product (GDP) metrics in the innovation sector were traditionally 
assessed using tangible applications and assets as well.
Today, a major portion of GDP growth is linked to the value of innovation and new 
ideas. Patents, copyrights, and intellectual property rights are examples of this.
Market guesses about an approaching or recently revealed concept or technology 
are one example of how the weight of an idea may impact economic progress. 
Not surprisingly, many countries across the world have started investing in digital 
infrastructure to help jump-start economies that have been harmed by the recent financial 
catastrophe.

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