2min chapter

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S E26: Economic Growth - Improving our Lives

Think Like An Economist

CHAPTER

The Beauty of Innovation

The beauty of technological progress is that growth can be limitless. When economic growth comes from working harder, there's a limit because we each only have 24 hours in a day. But with ideas, ideas don't break down and you don't need to replace them. And so it's possible for ideas to keep generating more economic growth forever.

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