Abstract
Knowledge is decide about development of modern economy. every entrepreneur who can use resources create more added value than competitors. Many of as, mostly economists, know about special role of innovation as a key factor building the competitive position of enterprises. An obstacle in introducing innovation, either in terms of technology or products is most of all high cost of developing and implementing them. Lack of developed legal and institutional infrastructure which favors the implementation of new ideas causes that investing in new services and creating new innovations is risky. The article attempts to make people realize how important it is to develop knowledge in innovative activities.
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