Invention finance is about financing the needs of a new, a physical or intellectual product created through innovation.
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Be the first to comment!Know-how finance means financing the accumilation of business secrets based on experience or knowledge from research and development (a.k.a know-how)
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Be the first to comment!According to the Marxist theory superprofit is the surplus profit above average profit. The economic literature describes it as a surplus profit that was gained above capital gains in a perfect competition. It's nature is temporary since it is the result of special circumstances. Others think that the term is nonsensical since a capitalist always pursues as much profit as possible.
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Be the first to comment!Innovation is the application of better solutions that meet new requirements, inarticulate needs, or existing market needs. This is accomplished through more effective products, processes,services, technologies, or ideas that are readily available to markets, governments and society.
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