Understanding the difference between the two can provide an important stimulus for the economy, says Thomas D. Kuczmarski, at Bloomberg Businessweek.

“Invention is often viewed as a source of economic growth. It isn’t.”, says Thomas. “It’s innovation that generates new products, new services, new businesses, and new jobs. As a country we need to be focused on innovation more than ever before.”

If you’d like to better understand the difference between invention and innovation, then read here.