<|im_start|>system
You are a helpful AI assistant.<|im_end|>
<|im_start|>user
What is the relationship between economic growth and technological innovation?<|im_end|>
<|im_start|>assistant
Economic growth and technological innovation are closely linked and can reinforce each other in a positive feedback loop.

On one hand, economic growth provides the resources and demand necessary for investment in research and development (R&D), which fuels technological innovation. As economies grow, businesses have more capital to invest in R&D and develop new products, processes, and services that can drive further economic growth. This can create a self-reinforcing cycle of increasing prosperity and technological advancement.

Technological innovation also plays an important role in driving economic growth by creating new industries, improving productivity, and reducing costs. New technologies can lead to significant increases in efficiency and productivity across various sectors of the economy, resulting in higher output and increased standards of living. Additionally, technological innovations often spawn entirely new industries, creating jobs and economic opportunities in both established and emerging markets.

However, the relationship between economic growth and technological innovation is not always straightforward or linear. There may be barriers to entry for firms trying to introduce disruptive innovations into existing industries, and some areas of technology may require government support to advance due to high upfront costs or lack of private sector interest.

Overall, while there are complex interactions at play, the general trend is that economic growth and technological innovation mutually reinforce each other, leading to long-term improvements in human well-being.<|im_end|>
<|im_start|>user
Rewrite your response to be more concise and factual.<|im_end|>
<|im_start|>assistant
Economic growth and technological innovation are closely linked. Technological innovation drives economic growth by increasing productivity, creating new industries, and improving the overall standard of living. Conversely, economic growth provides the resources and incentives for further investment in technological advancements. While they are interdependent, the sustainability of this relationship depends on factors such as environmental impacts and resource constraints. In summary, economic growth and technological innovation are mutually reinforcing elements in the development of an economy.<|im_end|>