Economics A-Level
Invention
What Invention means in Economics A-Level, as defined for AQA.
Definitions of Invention
Exam boards and our study guides word this term in slightly different ways. Learn the version your board uses.
Check what you remember
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Reference: AQA
The creation of a completely new product, process, or idea that has not existed before, often resulting from pure research and development.
The creating of new ideas, distinguished from innovation, which is the commercialising of them.
Topics that use Invention
- Technological change (AQA A-Level)
Related terms
- Barriers to entry
- Creative destruction
- Dynamic efficiency
- Innovation
- Market structure
- Productive efficiency
- Productivity
- Structural unemployment
Using Invention in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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