Question

Note what the text indicates -that middle class consumers will expand significantly when accompanying BRIC`s potential economic growth. as unprecedented - when discussing the grouping acronym “BRIC”. What impact might this have on innovation?

“Innovation creates three types of jobs. . .The first job is direct, the second is indirect, ad the third type is induced.”. Define each of the three and give an example of where a popular innovation created all three. Don't forget to give me the specific job title of each three jobs in the example you give; ALONG WITH THE SPECIFIC INNOVATION YOU ARE USING IN YOUR EXAMPLE.

Answer 1

Answer : BRIC is an acronym for the countries like Brazil , Russia , India and china . BRIC' s have been contributing to reduce global crisis . BRIC 's have potential to generate ggrowth in the economy through innovation. The BRICS economies have increased their openness to international trade. They have widen the GDP growth of the economy through export . And this can be possible through innovation. it has been developin in R & D and also involved in FDI.

Research and development can create many jobs which is direct one. A direct job is a kind of job which is created by individual themself. while indirect job includes that who support the processes of manufacturing. while induced job means job that are created when there is spending of money by the employees who themself worked as employee and generating employment further. Another example of direct job is through technological advancement . Technology has created more jobs which is direct in nature.

Building power transmission lines create indirect job , there have been improvement in this sector due to innovation.

Broadband induced innovation is a kind of induced job that is created through innovation and creating millions of job.