Here's why:
* Innovation Economics focuses on the creation, development, and diffusion of new technologies, products, and processes. This includes advancements in materials science, which is crucial for developing new materials with improved properties.
* Materials Science is a crucial aspect of innovation economics, as it drives the development of new substances with desired characteristics like strength, durability, and longevity.
* Research & Development (R&D), a key component of innovation economics, plays a vital role in this area, focusing on the scientific exploration of new materials and their potential applications.
While there are other relevant fields like Industrial Organization and Technological Change Economics, they are broader and do not specifically address the core aspect of developing materials with superior properties compared to natural ones.
