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F2. The Singapore government hopes to make the national economy more innovation-driven. Despite its efforts, there have been limited innovations created by Singapore, which are

F2. The Singapore government hopes to make the national economy more innovation-driven. Despite its efforts, there have been limited innovations created by Singapore, which are used in real life. State any two differences between an innovation-driven economy and a factor-driven economy. Also examine any three barriers that hinder local enterprise in Singapore from producing marketable innovations.

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