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Working paper

The Economic System of the Shortage of Natural Resources and Innovation

This paper explores several of the main results of the theoretical work on the economics of innovation, including innovation in the shortage of a particular resource and innovation in the presence of certain barriers set by, for example, in the form of laws protecting intellectual property. In these studies are, in our opinion, valuable arguments in favor of free-market price mechanisms which can be an additional incentive to the development of research and development.