Sailing ship effect

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This video discusses Sailing ship effect
#Sailingshipeffect #macroeconomics #learnoikonomia #economics #finance
The sailing ship effect is a phenomenon by which the introduction of a new technology to a market accelerates the innovation of an incumbent technology
Despite the fact that the term was coined by W.H. Ward in 1967 the concept was made clear much earlier in a book by S.C. Gilfillan in 1935.

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