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Investments, accumulation of capital and other resources, or on the contrary,Accumulation of capital creates possibilities for investment.
In any case the West leans against innovations more and more, depends on them. On
To measure of expansion of economy of the countries of the West the capital increased, increased
Expenses for education, skill of workers, the population grew. But frequently
Growth of these factors of production occurred in reply to an innovation, as
Gradual creation of conditions of its realisation. Causality not unilateral, but
Even more often innovations caused, instead of a consequence of accumulation of capital. Even
The rate of increase of the population lagging behind economic growth became possible
Only thanks to innovations in the technician of an agricultural production, and
Also in a number of other areas, including in public health services sphere - without what
The urbanization would be hindered.
For more than two hundred year's period of the economic growth connected with
Innovations, the western economy have so thoroughly analysed and Surveyed that possibility to find out any new it is improbable
The properties responsible for process of innovations. It is more than chances that
Some elements of system of an economy to which regularly refer for
Explanations of the prices, productions and distributions, will emerge as system elements
Growth: probably that their such role is less obvious, as their effect Slightly, it is lost in a stream of economic events and extends on
So significant periods of time that the causal relationship becomes imperceptible
And disputable. For example, both firms, and the markets the same as a competitiveness, played the important
Role in the course of innovations. We will begin with firms.
To the XIX-th century middle the western companies have granted the enterprises
Some rights which can be considered or as investment with the power To make certain decisions, which in the majority of other companies Are accepted by the political or church authorities, or as granting Freedom from many usual kinds of the political and religious control. Four Such rights form a basis of the economic growth based on innovations. First, it political restrictions by granting to separate people The rights to create the enterprise. Main difficulty at formation of the new
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