invention

(redirected from Inventiones)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia.

invention

see RESEARCH AND DEVELOPMENT.

invention

the creation of new production techniques and processes and new products that can be developed into usable processes and products through INNOVATION. Invention is an important means for a firm to improve its competitive position over rival suppliers by enabling it to lower supply costs and prices to consumers and to provide consumers with improved products. These benefits also improve overall MARKET PERFORMANCE. Certain kinds of MARKET STRUCTURE may be more conducive to invention insofar as they offer better incentives and resources for undertaking RESEARCH AND DEVELOPMENT (see MONOPOLY for further discussion).

In a more general way, invention can add to the growth of national income and output (see ECONOMIC GROWTH) by the qualitative improvement of a country's CAPITAL STOCK as investment in new technologies improves PRODUCTIVITY. See TECHNOLOGICAL PROGRESSIVENESS, PATENT.

References in periodicals archive ?
See also Jones, 'Geoffrey of Monmouth', 223-49; and Otter, Inventiones, Ch.
Her book Inventiones: Fiction and Referentiality in Twelfth-Century English Historical Writing, is forthcoming.
Wahl, Local contributions to global deformations of surfaces, Inventiones Math.
Wiles then submitted a preliminary, 200-page manuscript of the proof to the journal Inventiones Mathematicae.
Kenig, "On localization in the continuous Anderson-Bernoulli model in higher dimension," Inventiones Mathematicae, vol.
Tao, "Transfer of energy to high frequencies in the cubic defocusing nonlinear Schrodinger equation," Inventiones Mathematicae, vol.
Lieb, "Sharp uniform convexity and smoothness inequalities for trace norms," Inventiones Mathematicae, vol.
Smale, "Topology and mechanics II: the planar n-body problem," Inventiones Mathematicae, vol.