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Edmund Phelps - Developing new products is labour-...
Developing new products is labour- intensive. So is producing the capital goods needed to make them. These jobs disappear when innovation stalls. (Edmund Phelps)

Developing new products is labour- intensive. So is producing the capital goods needed to make them. These jobs disappear when innovation stalls.

Edmund Phelps

Related topics

capital developing goods innovation intensive labour jobs

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