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Innovation Diffusion
The process by which new ideas, practices, or technologies spread within a population or society, influencing patterns of adoption and utilization.
Patents
Patents are legal documents granted by the government that give inventors exclusive rights to their innovations for a specific period, preventing others from making, using, or selling the invention without permission.
Expected-Rate-of-Return Curve
A graphical representation showing the expected return of different portfolios or investments as a function of their risk.
Interest-Rate Cost-of-Funds Curve
A graphical representation illustrating the relationship between interest rates and the total cost of securing funds over different periods.
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