Which theory emphasizes the significance of new discoveries that can be used by many people at the same time?

Question

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The theory that emphasizes the significance of new discoveries that can be used by many people at the same time is the new growth theory. This theory argues that technological progress, research and development, and human capital accumulation can drive sustained economic growth. It suggests that economic growth is not only driven by increases in capital and labor, as suggested by neoclassical growth theory and classical growth theory, but also by the introduction of new ideas and knowledge to the production process.

Which Theory Emphasizes the Significance of New Discoveries That Can