<html><body><p>Electricity is an example of a general purpose <a href="https://quotes.tuteehub.com/tag/technology-425" style="font-weight:bold;" target="_blank" title="Click to read more quotes about TECHNOLOGY">TECHNOLOGY</a>, like the steam <a href="https://quotes.tuteehub.com/tag/engine-6541" style="font-weight:bold;" target="_blank" title="Click to read more quotes about ENGINE">ENGINE</a> before it. General purpose <a href="https://quotes.tuteehub.com/tag/technologies-7067" style="font-weight:bold;" target="_blank" title="Click to read more quotes about TECHNOLOGIES">TECHNOLOGIES</a> drive most economic growth, because they unleash cascades of complementary innovations, like lightbulbs and, yes, <a href="https://quotes.tuteehub.com/tag/factory-2724" style="font-weight:bold;" target="_blank" title="Click to read more quotes about FACTORY">FACTORY</a> redesign.</p></body></html>

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Electricity is an example of a general purpose TECHNOLOGY, like the steam ENGINE before it. General purpose TECHNOLOGIES drive most economic growth, because they unleash cascades of complementary innovations, like lightbulbs and, yes, FACTORY redesign.

Author - Erik Brynjolfsson Subject - Computers

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Electricity is an example of a general purpose TECHNOLOGY, like the steam ENGINE before it. General purpose TECHNOLOGIES drive most economic growth, because they unleash cascades of complementary innovations, like lightbulbs and, yes, FACTORY redesign.

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Electricity is an example of a general purpose TECHNOLOGY, like the steam ENGINE before it. General purpose TECHNOLOGIES drive most economic growth, because they unleash cascades of complementary innovations, like lightbulbs and, yes, FACTORY redesign.

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