Which of the following countries is an example of an innovation-driven economy?
A)India
B)Nigeria
C)Portugal
D)Mexico

Question

Quizplus · Accepted Answer

An innovation-driven economy refers to an economy that is largely focused on the development and application of technology and innovation to drive economic growth. Portugal is an example of an innovation-driven economy due to factors such as its investment in research and development, strong intellectual property laws, and an emphasis on entrepreneurship and innovation in its economic policies. India, Nigeria, and Mexico are classified as factor-driven or efficiency-driven economies, which are characterized by low levels of technological development and innovation.

Which of the Following Countries Is an Example of an Innovation-Driven