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Explain inventions effect on the economy.

Mr. Whammo has just invented a magic pill. Take it, and it transports you anywhere. Explain his inventions effect on the economy.

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The demand of transport goods and services will decrease in the economy. Also, there will be significant effect on consumption expenditure as people will have to spend less on cars, gasoline, airlines and ...

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Explain inventions effect on the economy.

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