Frugal Innovation

This project is to introduce and discuss the topic of frugal innovation and how it is affecting developing nations for the better. It is important because it is a fairly new concept, and many multinational corporations are using frugal innovation to reach new markets, while at the same time benefiting them. Methods: Some outcomes I plan to examine would be exactly how developing nations are benefiting from frugal innovation and how it may be used as a tool to improve the economic standpoint of these developing nations. It demonstrates how saturation of certain markets have led to corporations using new methods to reach untapped markets, while benefiting them. It also proves that something that is cheap does not necessarily mean it is of less quality