Evolutionary Economics is a field that studies how economic processes evolve over time, similar to biological evolution. It emphasizes the role of innovation, competition, and adaptation in shaping economic systems. This approach considers how institutions, technologies, and behaviors change, impacting economic growth and development. Unlike traditional economics, which often relies on equilibrium models, Evolutionary Economics focuses on dynamic processes and historical context. It draws on concepts from Charles Darwin's theory of evolution, applying them to understand how economies adapt and transform in response to changing environments and challenges.