Why does knowledge have increasing returns?
Since you've started by talking about trade and the division of labor, a discussion of knowledge's effects on labor productivity would be relevant. For example, why does LeBron James play basketball better if there are other good players on his team? (Example stolen from Bill Easterly's explanation of complementarity and skill matching in Elusive Quest for Growth.)
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Luna Malinda commented
Knowledge has increasing returns because, like mastering Friday Night Funkin, each new concept builds upon prior understanding, leading to exponential growth in skills and insights. This cumulative effect allows individuals to innovate and solve problems more effectively, transforming their expertise into a valuable asset. Each piece of knowledge unlocks further potential. https://fridaynightfunkingame.io
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hanieh commented
سایت تخصصی دکوراسیون
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