Technology: throughout human history, economic growth is clearly not a simple copy, is to simply increase labor and capital, on the contrary, it is the process of changing the production technology. Manufacturing technology allows the same amount of labor and capital can generate higher yields, ie the production process more efficient. Technology increasingly rapid development and today's information technology, biotechnology, new materials technology ... strides rushing contribute to an increase of production efficiency. However, technological change is not merely the search, research; technology development and applications quickly is due to "reward for innovation" - the retention mechanism allows the invention, the invention is protected and are paid in a dignified manner.
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