4.7 The future?

In the USA, the automobile reached the 50 per cent household penetration rate in 1923, about 23 years into the industry's development. The PC reached that threshold rate in 1999, also about 23 years into its development. Given the discussion in Section 3, this suggests that the economy-wide effects of the PC have yet to be fully seen. And given the arguments in this section, it also suggests that the PC is now starting to reach the e
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