potato chips and Technical progress

Very clearly, the Technical progress in the production of potato chips of the past 67 years, is explained on the basis of a short video.

The Technical progress is the linchpin in the economic theory and the most important factor of our prosperity.

Also, the great economic theorists have dealt with the theme of progress and Innovation.

From Schumpeter, the expression of “creative destruction comes”. And Keynes put it: “The difficulty is not to find new ideas, but in escaping from old ones.”

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