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Well functioning Markets for Technology (MFT) allow inventors to sell their inventions to others that may derive more value from them. We argue that the growing reliance on science in inventions enhances MFT. In addition to higher quality inventions, reliance on science may enhance gains from...
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Evolution of technology is a stepwise advancement of a complex system of artifact, driven by interaction with sub-systems and other systems, considering technical choices, technical requirements and science advances, which generate new and/or improved products or processes for use or consumption...
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