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What Is the Difference Between Invention and Innovation

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What is the difference between invention and innovation?


Definitions:

Organic Plant Fertilizer

A fertilizer made from natural materials that provides nutrients to plants without the use of synthetic chemicals.

Profit Maximization

The sequence of actions a firm takes to decide on the optimal pricing and output for the best profit outcome.

Hormone-free Cow

A cow that has not been treated with artificial growth hormones, often raised for organic or natural milk production.

Organic Plant Fertilizer

A fertilizer derived from natural sources, such as compost, manure, or bone meal, used to enrich soil and promote plant growth without synthetic chemicals.

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