See what we can offer to your school
"SimpleStudy just makes sense...”
Get the best plan for your school
10 cards from this deck
Effect of invention, innovation & tech diffusion in economy
Science explains why; technology makes things happen
Invention creates new; innovation makes marketable products
Mechanisation: humans operate; automation: machines operate
Output per worker or output per hour worked
When average total cost of production is minimised
Improvements in productive efficiency over time (long run)
Innovation creating new market, disrupting existing ones
Innovation developing existing markets, not creating new ones
Capitalism evolves by replacing old tech with new innovation
Select your subjects, and get access to A+ resources today.