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The argument is that balanced economic growth is only a temporary phenomenon, because a private enterprise economy is incapable of sustaining the necessary proportionalities required. It cannot do so because there is no overall, conscious coordination of production activities in an economic system in which producers compete to cut costs ...
Asexual reproduction is a process by which organisms create genetically similar or identical copies of themselves without the contribution of genetic material from another organism. Bacteria divide asexually via binary fission ; viruses take control of host cells to produce more viruses; Hydras ( invertebrates of the order Hydroidea ) and ...
The view that a "breakout" from the Malthusian trap has led to an era of sustained economic growth is explored by "unified growth theory". [4] [93] One branch of unified growth theory is devoted to the interaction between human evolution and economic development. In particular, Oded Galor and Omer Moav argue that the forces of natural selection ...
The ethics of technology is an interdisciplinary subfield of ethics that analyzes technology's ethical implications and explores ways to mitigate potential negative impacts of new technologies. There is a broad range of ethical issues revolving around technology, from specific areas of focus affecting professionals working with technology to ...
Economists consider “science” as the search and production of knowledge using known starting conditions. [2] Knowledge can be considered a public good, due to the fact that its utility to society is not diminished with additional consumption (non-rivalry), and once the knowledge is shared with the public it becomes very hard to restrict access to it or use of it (non-excludable).
Science, technology, society and environment (STSE) education, originates from the science technology and society (STS) movement in science education. This is an outlook on science education that emphasizes the teaching of scientific and technological developments in their cultural, economic, social and political contexts.
Persuasion technology: In economics, definitions or assumptions of progress or growth are often related to one or more assumptions about technology's economic influence. Challenging prevailing assumptions about technology and its usefulness has led to alternative ideas like uneconomic growth or measuring well-being .
Growth accounting is a procedure used in economics to measure the contribution of different factors to economic growth and to indirectly compute the rate of technological progress, measured as a residual, in an economy. [1] Growth accounting decomposes the growth rate of an economy's total output into that which is due to increases in the ...