Economic of innovation

INSTRUCTIONS:

Respond to the following questions, in an essay that addresses the topics covered in the readings. Remember, from the syllabus, you must use at least one source in addition to the readings; bibliographies are not required; cite readings in footnotes or in the text.

Prepare a 1.5-page double-spaced response with a short introductory paragraph outlining the topics and purpose of your brief, the body of which responds to the questions (address all of them), and a conclusion which states your own thoughts on the topic and its relevance, in the context of the economy.

CONSUMERS QUESTIONS:

Explain why and how clustering is a pervasive characteristic of innovative industries.

What are the advantages and disadvantages to the supply side and demand side of clustered industries?

Is there a role for government policy associated with industry clusters?