The importance and relevance of frugal innovation to developed markets: milestones towards the economics of frugal innovation

Par Christian Le Bas
There is a large literature dealing with frugal innovation (thereafter FI) activity. We believe that two strands of analysis coexist as far as the definition of frugal innovation is concerned. In this respect the paper by Brem and Wolfram (2014) provides some useful descriptions. In short, the first is related to a product, the second starts with a problem that has to be solved. The first is related...
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