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Investments, accumulation of capital and other resources, or on the contrary,

Accumulation of capital creates possibilities for investment.

In any case the West leans against innovations more and more, depends on them. On

To measure of expansion of economy of the countries of the West the capital increased, increased

Expenses for education, skill of workers, the population grew. But frequently

Growth of these factors of production occurred in reply to an innovation, as

Gradual creation of conditions of its realisation. Causality not unilateral, but

Even more often innovations caused, instead of a consequence of accumulation of capital. Even

The rate of increase of the population lagging behind economic growth became possible

Only thanks to innovations in the technician of an agricultural production, and

Also in a number of other areas, including in public health services sphere - without what

The urbanization would be hindered.

For more than two hundred year's period of the economic growth connected with

Innovations, the western economy have so thoroughly analysed and Surveyed that possibility to find out any new it is improbable

The properties responsible for process of innovations. It is more than chances that

Some elements of system of an economy to which regularly refer for

Explanations of the prices, productions and distributions, will emerge as system elements

Growth: probably that their such role is less obvious, as their effect Slightly, it is lost in a stream of economic events and extends on

So significant periods of time that the causal relationship becomes imperceptible

And disputable. For example, both firms, and the markets the same as a competitiveness, played the important

Role in the course of innovations. We will begin with firms.

To the XIX-th century middle the western companies have granted the enterprises

Some rights which can be considered or as investment with the power To make certain decisions, which in the majority of other companies Are accepted by the political or church authorities, or as granting Freedom from many usual kinds of the political and religious control. Four Such rights form a basis of the economic growth based on innovations. First, it political restrictions by granting to separate people The rights to create the enterprise. Main difficulty at formation of the new

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