The article explores how social scientists study innovation, focusing on firms' R&D and innovation activities in a specific economy. It aims to understand how firms innovate in the context of economic history. Innovation can be seen in various ways globally, with different approaches by firms, institutions, and governments. Entrepreneurs and multinationals benefit from innovation, which is crucial for market success. The dynamic nature of innovation, influenced by factors like economic crises and the Internet, requires an interdisciplinary approach. The paper highlights the interconnected relationship between innovation, imitation, and invention, proposing a better understanding of these concepts in social sciences.