How can companies upgrade their products and use higher end technologies each year while selling them for the same price
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Manufacturing and process improvements drive down the prices of many things.
Take for instance TVs, new technologies (like LEDs) mean that they could make better and better screens. New technology (like better factory robots) mean they can produce these faster, with less resources and less human labour, so cheaper. And they’re also learning as they go – they learn how to more efficiently run their factories, etc and thus do more with less.
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