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ENVIRONMENTAL QUALITY: The degree to which the naturally occurring resources of the planet (land, air, and water) are free of artificial impurities or waste products generated by human activity. Pollution is the primary nemesis of environmental quality. As pollution waste residuals are discharged into the environment, environmental quality declines. Like other economic notions, environmental quality is subjective in the sense that it affects the satisfaction of wants and needs.

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INNOVATION

The initial application of new products, technologies, and ideas that usually generate a beneficial improvement in society and the economy. In contrast to an invention, which is the act of creation, an innovation is the implementation of a product, technology, or idea. Innovations are changes in existing institutions and the status quo, prompted by risk-taking entrepreneurs, that promote prosperity and improved living standards.

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Today, you are likely to spend a great deal of time browsing about a thrift store trying to buy either a handcrafted bird house or a weathervane with a chicken on top. Be on the lookout for broken fingernail clippers.
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The first paper currency used in North America was pasteboard playing cards "temporarily" authorized as money by the colonial governor of French Canada, awaiting "real money" from France.
"The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy."

-- Martin Luther King, Jr.

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