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How Innovation is Driving Economic Growth in Developing Countries
Economic

How Innovation is Driving Economic Growth in Developing Countries

Introduction Counter to the popular belief that innovation is a luxury only advanced economies can afford, developing countries are not only investing in innovation, but also reaping the immense benefits that come with it. Innovation is gradually transforming the economic landscape of these countries by enabling them to become more competitive, achieve sustainable development, and

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The Driving Force Behind Consumer Spending Patterns
Economic

The Driving Force Behind Consumer Spending Patterns

Consumer spending plays a pivotal role in the economy, directly affecting the rate of economic growth and sustainability. Various factors drive the spending patterns of consumers, which then reflect on production patterns, business cycles and the global economic environment. Income and Consumer Spending Income is one of the most influential factors in consumer spending patterns.

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