Which theory of economic growth concludes that technological advances are influenced by the profit motive?

Question

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The theory that concludes that technological advances are influenced by the profit motive is the new growth theory. This theory suggests that growth can be driven by technological innovation, which is influenced by factors such as research and development spending and intellectual property protection. The profit motive provides businesses with an incentive to invest in these areas and generate new ideas and technologies that can ultimately lead to economic growth.

Which Theory of Economic Growth Concludes That Technological Advances Are