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1.a) Describe what is the difference between innovation and invention. 1.b) Describe the different types of innovation usually identified by economic and business studies. 1.c)

1.a) Describe what is the difference between innovation and invention.

1.b) Describe the different types of innovation usually identified by economic and business studies.

1.c) Innovation has been frequently described in formal mathematical models as a linear process. Do you agree with this view?

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