Distinguish between two forms of technical progress. One is embodied in the introduction of new goods or
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Distinguish between two forms of technical progress. One is embodied in the introduction of new goods or machinery. The other is disembodied: with exactly the same inputs, there is an improvement in methods of production. Discuss examples of each. What forces govern the diffusion of such progress (along each of these two dimensions) to developing countries?
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Embodied technical progress refers to advancements that are directly tied to the introduction of new goods or machinery This form of progress involves incorporating new technologies tools or equipment ...View the full answer
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