The capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit. The most obvious example of entrepreneurship is the starting of new businesses. In economics, entrepreneurship combined with land, labor, natural resources and capital can produce profit.…
in·no·va·tion ˌinəˈvāSH(ə)n noun the action or process of innovating. synonyms: change, alteration, revolution, upheaval, transformation, metamorphosis, breakthrough;More a new method, idea, product, etc. plural noun: innovations "technological innovations designed to save energy"