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“induced innovation”
induced innovation
The theory that the direction and magnitude of innovative activity is shaped by market forces; such as, prices or supply levels; for example, higher oil prices that lead appliance manufacturers to produce more energy-efficient refrigerators or air conditioners.
This entry is located in the following units:
-ation, -ization (-iz[e] + -ation); -isation (British spelling variation)
(page 52)
duc-, -duce, -duct, -ducent, -ductor, -duction, -ductive, -ducer, -ducement, -ducation
(page 8)