It's a natural part of the capitalist system, whereby those who are frugal and have savings are enabled to use them to help those who wish to expand their businesses, receiving reasonable interest on the loans.
Frugal innovation may well prevent America's health-care system (which already consumes 17% of its GDP) from swamping the rest of the economy.
To do that, Acxiom, like many of its competitors, often uses its own proprietary classification system to segment consumers into socioeconomic marketing categories, like "Frugal Families" or "McMansions and Minivans".
Is it possible to develop, using Kahneman's System 2 of effortful mental activity, the 'fast and frugal' methods sought by Gigerenzer?
If you were smart and frugal you'd just get the traction control and the excellent stereo system.
The system rewarded nobody for saying "no" or even "wait" — not even my frugal, intelligent, Consumer-Reports-reading mother.
Its entrepreneurs are channelling the country's rich technological and medical talent towards frugal approaches that have much to teach the rich world's bloated health-care systems.
By discussing the case of a high-technology low cost weather sensor system deployed in sub-Saharan Africa, this paper demonstrates how IT has introduced new frugal innovations, and influenced new business models.
As in grassroots innovation, catalytic innovations have a social claim, but that claim is characterized by changing existing business patterns into 'scalable, sustainable, system-changing solutions' (Christensen 2006, p. 96) for people at the BoP by using frugal approaches.
One consequence of the frugal approach to building the rocket was that Robert Truax was not able to conduct a test of the parachute system.
