as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
please explain the difference between innovation and invention.
user
innovation is the application of an invention or an idea in a new way, while invention is the act of creating something that has not previously existed. an invention is a new device, process, or technology, while an innovation is the application or implementation of an invention to create something useful.
assistant