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Technological advancements play a crucial role in driving economic growth within a country. They enable improvements in productivity, efficiency, and innovation, which can significantly enhance the overall output of goods and services. For instance, when new technologies are developed or existing technologies are improved, industries can produce more with the same amount of resources, leading to increased economic activity and the possibility of reducing costs for consumers.

Moreover, technological advancements often open new markets and create new job opportunities, which further stimulates economic growth. The introduction of automation, digitalization, and new communication technologies can also lead to the emergence of entirely new sectors within the economy. This transformative impact of technology is a key reason it is considered essential for economic growth, as it directly influences the capability of an economy to expand and adapt to changing market demands.