nnovation is often driven by the pursuit of profit and economic growth. However, some argue that it should prioritize addressing social and environmental issues.
Discuss both sides and give your own opinion
I.
The search for profit and economic growth frequently motivates innovation. Yet, some believe that the focus should be on addressing problems within society and environmental concerns. This comes from the viewpoint that innovation increases management efficiency and is a resource that businesses can use to achieve competitive advantage. Innovation involves creating a new or improved product that can be produced economically. This is important either because it is the first of its kind globally or because its introduction has positive effects, especially on future job opportunities.
There are various economic theories, but generally, the importance of innovation in the economy has become disadvantaged. Supporters of classical economics did not consider innovation to be an important contributing factor to the economic process. Innovation has fallen behind compared to other factors such as land, capital, and labor. The initial definition comes from the idea of innovation as a factor that generates a competitive edge.
The concept of innovation as a driver of economic growth and development has generated a considerable amount of interest in recent years. Following several theories on the causes of economic development, many authors have tried to identify the link between innovation and growth. Although innovation has a significant influence on the economy, for both a single company and at an economic level on a large scale, it is difficult to find a clear definition of the concept itself. When exploring existing research studies, there are many different ways to define the concept of innovation. Although, we have chosen the definitions that seem to be the most applicable and in agreement with the existing theory and allow for further development.
In conclusion, innovation improves the overall quality of life by increasing productivity and driving economic growth. In addition, the current variety of products requiring specialized knowledge ensures that everyone can benefit from economic growth driven by innovation. Therefore, it is important for all developed and developing nations to promote innovation at both individual and levels within society in order to support the growth of the economy. In reality, self-interest at both the individual and organizational levels have the potential to either encourage or impede innovation for enhancing economic growth. Innovation has primarily benefited materialistic individuals, but now is a crucial moment for it to shift focus towards societal and environmental issues.
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Grammar and spelling errors:
Line 1, column 1, Rule ID: EN_GB_SIMPLE_REPLACE
Message: I is a common American expression, in British English it is more common to use: I
Suggestion: I
I. The search for profit and economic...
^
Line 2, column 1, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
Suggestion:
I. The search for profit and economic growt...
^^^
Line 5, column 531, Rule ID: NUMEROUS_DIFFERENT[1]
Message: Use simply 'many'.
Suggestion: many
...ng existing research studies, there are many different ways to define the concept of innovatio...
^^^^^^^^^^^^^^
Transition Words or Phrases used:
but, first, if, so, therefore, in addition, in conclusion, such as
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 12.0 13.1623246493 91% => OK
Auxiliary verbs: 4.0 7.85571142285 51% => OK
Conjunction : 19.0 10.4138276553 182% => OK
Relative clauses : 8.0 7.30460921844 110% => OK
Pronoun: 17.0 24.0651302605 71% => OK
Preposition: 50.0 41.998997996 119% => OK
Nominalization: 27.0 8.3376753507 324% => Less nominalizations (nouns with a suffix like: tion ment ence ance) wanted.
Performance on vocabulary words:
No of characters: 2177.0 1615.20841683 135% => OK
No of words: 383.0 315.596192385 121% => OK
Chars per words: 5.68407310705 5.12529762239 111% => OK
Fourth root words length: 4.42384287591 4.20363070211 105% => OK
Word Length SD: 3.19112395445 2.80592935109 114% => OK
Unique words: 211.0 176.041082164 120% => OK
Unique words percentage: 0.55091383812 0.561755894193 98% => OK
syllable_count: 720.9 506.74238477 142% => OK
avg_syllables_per_word: 1.9 1.60771543086 118% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 5.0 5.43587174349 92% => OK
Article: 5.0 2.52805611222 198% => OK
Subordination: 2.0 2.10420841683 95% => OK
Conjunction: 3.0 0.809619238477 371% => Less conjunction wanted as sentence beginning.
Preposition: 3.0 4.76152304609 63% => OK
Performance on sentences:
How many sentences: 19.0 16.0721442886 118% => OK
Sentence length: 20.0 20.2975951904 99% => OK
Sentence length SD: 32.4239574912 49.4020404114 66% => OK
Chars per sentence: 114.578947368 106.682146367 107% => OK
Words per sentence: 20.1578947368 20.7667163134 97% => OK
Discourse Markers: 3.47368421053 7.06120827912 49% => More transition words/phrases wanted.
Paragraphs: 4.0 4.38176352705 91% => OK
Language errors: 3.0 5.01903807615 60% => OK
Sentences with positive sentiment : 18.0 8.67935871743 207% => Less positive sentences wanted.
Sentences with negative sentiment : 1.0 3.9879759519 25% => More negative sentences wanted.
Sentences with neutral sentiment: 0.0 3.4128256513 0% => More facts, knowledge or examples wanted.
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.12556950097 0.244688304435 51% => OK
Sentence topic coherence: 0.0444887733144 0.084324248473 53% => OK
Sentence topic coherence SD: 0.0426996081199 0.0667982634062 64% => OK
Paragraph topic coherence: 0.0786822519542 0.151304729494 52% => OK
Paragraph topic coherence SD: 0.0288193923524 0.056905535591 51% => OK
Essay readability:
automated_readability_index: 15.4 13.0946893788 118% => OK
flesch_reading_ease: 25.8 50.2224549098 51% => Flesch_reading_ease is low.
smog_index: 13.0 7.44779559118 175% => OK
flesch_kincaid_grade: 14.6 11.3001002004 129% => OK
coleman_liau_index: 15.66 12.4159519038 126% => OK
dale_chall_readability_score: 9.86 8.58950901804 115% => OK
difficult_words: 127.0 78.4519038076 162% => OK
linsear_write_formula: 11.5 9.78957915832 117% => OK
gunning_fog: 10.0 10.1190380762 99% => OK
text_standard: 10.0 10.7795591182 93% => OK
What are above readability scores?
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Rates: 73.0337078652 out of 100
Scores by essay e-grader: 6.5 Out of 9
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Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.