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Sagot :
patents can speed up the rate of creative destruction by restricting the use of technology so that creativity is destroyed.
Technology
The application of scientific knowledge to communicate is known as communications technology. Everything from telegrams to landlines to mobile phones is included. Because it is a system that conveys information in an endless number of ways, the internet is considered a communications technology. Pulleys, levers, wheels and axles, wedges, inclined planes, and even cogs and gears are examples of such devices. Mechanical technology is utilized for any operation that requires mechanical effort, typically the movement of items. Mechanical technology is employed in every machine, generator, or tool that performs work.
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