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Schumpeterian model

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* Innovations are produced by entrepreneurs who seek monopoly rents from them.
* New technologies drive out old technologies.<ref>{{cite web|title=The Schumpeterian Framework|url=http://faculty.cas.usf.edu/jkwilde/macro208/ah2-schumpeterian.pdf|website=faculty.cas.usf.edu|accessdate=7 May 2018}}</ref>
 
== See also ==
 
== References ==
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