Economics A-Level
Product innovation
What Product innovation means in Economics A-Level, as defined for AQA.
Definition of Product innovation
Check what you remember
Read the wording for your board, then hide it and explain Product innovation in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Creating new goods or services as a category of innovation.
Topics that use Product innovation
- Technological change (AQA A-Level)
Related terms
- Barriers to entry
- Creative destruction
- Dynamic efficiency
- Innovation
- Invention
- Market structure
- Productive efficiency
- Productivity
Using Product innovation 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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