Most technological innovations did not become engines of economic growth until social conditions allowed them to do so.

Question

Quizplus · Accepted Answer

This statement is true. Technological innovations by themselves do not guarantee economic growth. It is often the social, political, and economic conditions that enable or hinder the adoption and diffusion of innovations that determine their impact on economic growth. Factors such as education, infrastructure, market competition, and government policies play important roles in facilitating or impeding the transformative potential of technological innovations.

Most Technological Innovations Did Not Become Engines of Economic Growth