Abstract:The innovation models develop over time, due to market and industry needs. As the main "product" of knowledge economy, innovations (as a concept) are symbolic goods, founded in symbols, not in atoms. This notion causes some consequences typical for information goods, like ease of replication or exchange, zero-marginal replication costs and cheap storage. On the other hand, there is a growing innovation production cost and uncertainty and risk of innovation activity that discourage companies from being innovati… Show more
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