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Argue as to why diffusion model, economic models and adoption model does not make complete sense as they are used as derterminants of adoption of innovations

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In this essay I will argue as to why diffusion model ,economic models and adoption model does not make complete sense as they are used as derterminants of adoption of innovations and this will be supported by stating or discussing limitations which these models have. Firstly let us also understand what an economic model is. An economic model is an organised set of relationships that describes the functioning of an economic identity under a set of assumptions from which a conclusion or a set of conclusions is logically derived.

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Institution
Principles Of Innovation
Module
Principles of Innovation









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Institution
Principles of Innovation
Module
Principles of Innovation

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June 12, 2022
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