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Watch video Technological Change - Invention, Innovation, Efficiency and Barriers to Entry Video on Youtube https://www.youtube.com/watch?v=InLrm4sHFtQ 1.What is technological change? 2.When does innovation leads to

Watch video "Technological Change - Invention, Innovation, Efficiency and Barriers to Entry" Video on Youtube

https://www.youtube.com/watch?v=InLrm4sHFtQ

1.What is technological change?

2.When does innovation leads to creative destruction?

3.Discuss why firms in a market economy have incentives to engage in technological change.Explain.

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