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TVETipedia Glossary


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Find and compare definitions of key terms in TVET


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Degree of novelty - new to the world

Innovation is new to the world when the firm is the first to implement the innovation for all markets and industries, domestic and international. New to the world therefore implies a qualitatively greater degree of novelty than new to the market.

Source:
UIS, Glossary, (accessed 12/2022)


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