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Innovation of New Ideas
The process of creating and implementing new concepts, products, or solutions.
Creative Destruction
The replacement of existing products, processes, ideas, and businesses with new and better ones.
Economies of Scale
The economic benefits that companies gain from their size of operation, whereby the expense per output unit typically diminishes as the scale expands.
Large Quantities
A significant amount or number of items or material, often related to production or purchasing operations.
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