ECONS305 Entrepreneurial Discovery and Innovation Assessment 2 ICA1 | UoW

ECONS305 Task:

Please work together in class on this activity, but submit your answer. 

Read the article: Meyer, P. B. (2015). The catapult of riches: The aeroplane as a creative macroinvention. In A. Greif, L. Kiesling, & J. V. C. Nye (Eds.), Institutions, Innovation, and Industrialisation (pp. 123-144). Princeton.

In two sentences, describe/explain the key argument of Meyer (2015) with specific reference to specific sentences in the text.

Identify and explain three key steps that facilitated the emergence of flight.

Identify and explain three key steps that facilitated the emergence of commercial aviation.

Draw three separate figures:

• Figure 1 will show all the factors shaping the innovation/discovery of human flight and how they interacted.
• Figure 2 will show all the factors shaping the innovation/discovery of commercial aviation and how they interacted.
• Figure three will identify factors that will shape the influence of the space economy.