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In a population with low death rates,this age structure diagram indicates that
Invention
The creation of a new product, process, or method that has not previously existed.
Creative Destruction
The process through which new innovations lead to the demise of older technologies, promoting progress and economic growth.
Diffusion
The process by which an innovation is communicated through certain channels over time among the members of a social system.
R&D
Short for Research and Development, involving investigative activities a business conducts to improve existing products and procedures or to lead to the development of new products and procedures.
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