💡 What's the difference between invention and innovation?

Invention vs Innovation. What's the difference between invention and innovation? Why some inventions change the lives of the people and some are abandoned and forgotten even if they are brilliant?
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Econ Clips is an economic blog. Our objetive is teaching economics through easy to watch animated films. We talk about variety of subjects such as economy, finance, money, investing, monetary systems, financial markets, financial institutions, cental banks and so on. With us You can learn how to acquire wealth and make good financial decisions. How to be better at managing your personal finance. How to avoid a Ponzi Scheme and other financial frauds or fall into a credit trap. If You want to know how the economy really works, how to understand and protect yourself from inflation or economic collapse - join us on econclips.com. Learn Austrian Economics in a fun way!
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[@OneGlass]

I feel like I am repeating myself, but here we go again. An outstanding educational piece of work, especially in an era where the word 'entrepreneur' has lost a lot of its glory.

[@EconClips]

Thank you so much:)

[@6devours961]

@@EconClips Love your content and love the brain vids because they make me feel smart thank you :D sub please because my friend wants this and its his birthday soon. kzbin.info/door/nIbDKcsKpbrjNwBWflSroQ

[@mariosebok]

Invention = Applications of Technology (Incremental or Radical) Upgrade Innovation = Sucessfull Marketing & Sale of Inventions or Changes

[@darkjoker361]

Innovation Is improving the ideas

[@mariosebok]

@@darkjoker361 if the ideas don't make $$$$ they are inventions, not innovation

[@darkjoker361]

@@mariosebok I think the ideas should have impact thats the main thing and covers a broader topic

[@darkjoker361]

@@mariosebok innovative solutions to problems is not only for earning money

[@mariosebok]

@@darkjoker361 examples?

[@victorlungungu2109]

Thank you because you help me to find my place in this world through your video.

[@aadityas.9820]

Thank You so much econclips :)

[@liamsherping1657]

the guy narrating this video is the Innovator and the guy who wrote this script is the inventor

[@satyasankalpapanigrahi9416]

Yes, exactly that's the literally summary of this content personified in a another example of content creation

[@TheSpokenWizard]

Inventors create and innovators find purpose.

[@marunio435]

Your video shows how important are both roles. Invention without innovation is almost nothing.

[@tzzv3292]

Too true

[@rileyjohnson1767]

who else is watching this in class?

[@jawadghafoor9880]

Me

[@loaz974]

me

[@loaz974]

i watching this video actually in english class (i’m french)😂

[@Mr.Gromit]

@@loaz974we’re in the same class mate

[@loaz974]

@@Mr.Gromit😂😂

[@d_reeves1133]

Nikola Tesla was the inventor, Thomas Elva Edison was an entrepreneur.

[@jmathtech]

However, Lewis Latimer is the innovator of the light bulb in which we use today.

[@adityanugraha1103]

Thanks for sharing

[@WijthaGayan]

Thanks you sir

[@niamera1720]

muy bueno

[@IMGDirect]

They need each other

[@calvinchew7985]

Inventions precede innovations but NOT all inventions turn into innovations. It takes wide acceptance by the masses who r seduced by u guess it "entrepreneurs..."

[@mitsengupta]

calvin chew we don’t unfortunately even use the term inventor anymore. It’s almost always ENTREPRENEUR nowadays not INVENTOR. I wish we used the term latter more. Even a founder of insurance company founder can call himself ENTREPRENEUR. But not every one can call themselves INVENTOR in the same way.

[@BrianScudamoreO2E]

Thanks for sharing this great educational video! I completely agree that entrepreneurs are the father of innovation. Innovation is all about listening to each other, your partners and everyone around you. This is how you become successful and profit off of your business and invention. Great content on here! Can't wait to watch more :)

[@julienofelbanaybanay786]

totally agree! on point

[@vinansyahvexel7132]

Henry ford once said.. if you ask people what they want, the would say faster horse

[@mycrunchytoes]

Totally agree so true

[@leelee-rf6px]

Цен на продукцию как и в каком виде нужно

[@ahmednawab2807]

And I am consumer. No dispute 🙌

[@rolesk8]

As ways great video my friends!!! Keep the Hard work.. Still missing your old voice 😂

[@searchman5975]

Great explain

[@Jonnnymadden-rnfl]

I learned a lot in just 90 seconds

[@fernandoonosaki9545]

Congratulations!!

[@bizguy7637]

best video

[@aditiraj4263]

It was a good clip

[@arinzeanajemba1005]

This is good

[@fkhdls]

Wozniak was right. Jobs was little more than the PT Barum of the digital age.

[@pongop]

The average workers are the ones who actually create the value and wealth that the CEOs enjoy. CEOs are really worth 351 times (on average) more than the typical worker?

[@SnowSNS11]

Probably because the average workers' jobs are divided into plenty, while there's usually only 1 CEO to centralised decision making.

[@lydiachisorakawanzaruwa166]

Love Kkkk pakaipa kani

[@johnpost7557]

What?? NO way! Technology is new and innovation in relatively. Real Technologies are products that function on the basis of isolated natural laws, this means technology functions on it's own (independent of something else).

[@prilep5]

I think Jobs was inventor but Wozniak was innovator.

[@cinemaessence7390]

A black man created the refrigerator . A black man created peanut butter , not Jiffy.

[@mkb6418]

As an inventor, if I don't expect any fame or money, if I am doomed to see my invention being used (exploited) by an "enterpreneur", then I have no motive to invent anything and better don't invent at all.

[@SnowSNS11]

That's why partnerships are important. We all have need of a skill we don't personally possessed ourselves, so we hire them to add to our own and help us build our idea into reality. I'm pretty sure most inventors own stocks with the entrepreneur as it's usually dual effort. If not, they don't care about it and just sold it to someone who can find use to it, often modifying the tool with hired scientist for better use. It's simply impossible for people to do everything by themselves as no one is an island. Sometimes, the idea is actually thought of by the entrepreneur but don't have the skills to turn it into reality. Maybe charisma is just really a very important skill in life, the ability to persuade people to buy your product otherwise it's forgotten and viewed as a curiosity until someone has an idea to find use of it to integrate in our lives

[@ashleygreen1562]

Cool ⭐app

[@ninja2k206]

Nice

[@miszazmisza]

Steve Woźniak 😂 so funny pronunciation

[@tarkamancaniaxiretesaxla]

Before Leonardo da Vinci, a muslim, Abbas ibn Firnas was the first made his flying machine in the year 875 that was constructed on a frame of bamboo. He covered the bamboo frame with lightweight silk cloth and feather of eagles. The wings of the flying machine were not static, but could be controlled during flight. He invented also transparent glass, water powered clock and etc there are hundreds of inventions from muslims very interesting. f.ex al gebra, first optical discoveries, ...so on on on......................................

[@puru108g]

It is safe to say then ancient India is home for many inventions and Innovations. I wonder how it was skipped by author/narrator as an example. Asia is made up of India and China.

[@nazigol289]

Then why don't we call the entrepreneurs innovators? Why there are two words?

[@Jonathan-pp5zc]

Jobs was always into electronics. He had a summer job when he was 12-13 in an electronics company. Its not like he was purely a marketing guy.

[@clintonhouston1048]

He wasn't a electronics genius like Wozniak was back then. He needed Wozniak help on a project that was given to him by a company called Atari, Wozniak did nearly all the work and jobs cheated Wozniak out of a lot of money by lying about the cost of the project.

[@nPcDrone]

Al gore invented the internet but he did nothing with it. Ha you said 'the first hoe'

[@glitteryroses]

This video is far too long for such a simple question. Thumbs down.

[@nickbait1104]

apple is better than android

[@mrfake675]

Not for the price

[@davidbokuku7642]

Stop disrespecting dead people .... So low.