How Does Innovation Differ from Invention? Why Is Innovation Required

question 153

Essay

How does innovation differ from invention? Why is innovation required for economic growth?

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Definitions:

Participants' Right

The entitlements and protections afforded to individuals taking part in research, ensuring their welfare and ethical treatment.

Justice

The principle of fairness and the moral rightness of laws and their execution in society.

Ethical Principle

A fundamental guideline or rule that helps determine the rightness or wrongness of actions within a moral framework.

Beneficence

The ethical principle that entails acting with the best interest in mind to promote the well-being of others.