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Innovation Is the Activity of Creating New Ideas and Converting

question 70

True/False

Innovation is the activity of creating new ideas and converting them into useful applications,which is different from invention and creativity.


Definitions:

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that suppliers are willing to sell, holding other factors constant.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded, typically downward sloping.

Milk Suppliers

Entities involved in the production and distribution of milk and milk-related products to consumers and businesses.

Rental Price

The amount of money charged for the temporary use of a property or equipment.

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