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​​​​​​We live on a planet with finite resources which makes continued economic growth difficult to maintain....

​​​​​​We live on a planet with finite resources which makes continued economic growth difficult to maintain. If we are seeing economic growth rates flatten out, please explain how invention might be impacted by a slow growth /no growth economy.

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Answer #1

Invention definitely impacts an economy when it undergoes slow growth and a no growth season.Invention makes available new ways of production and better, effective and efficient ways of production.When an economy experiences slow and no growth, the economy is no longer producing at a good pace,therefore no invention is being made at this time. This affects the economy because it is no longerefficient and effective, there are not producing, and the economy is going through a recession at thispoint. To bring the economy back up companies need invention. They need to add investments, increaseproduction and sales, raise income, innovate new products, ideas in order to boost the economy.

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