Innovation: The process of translating an idea or invention into a good or service that creates value for which customers will pay.
Industrial Revolution: A period from 1750 to 1850 where major changes in agriculture, manufacturing, mining, transport and technology had a profound effect on the socioeconomic and cultural conditions starting in the United Kingdom then subsequently spreading throughout Europe.
Scientific Revolution: A historical change in thought & belief that took place during the late Renaissance era between about 1550 – 1700. It was characterized by significant advances in science during this period.