Question

Since diffusion is not free, how might it be impacted by economies that are not growing or only growing slowly?

Lots of detail please

Answer 1

Diffusion and Economic Growth
Diffusion refers to the rate at which an economy or a society adopts a new product or service. Diffusion helps in spreading the change of products or new innovations. An efficient economy will be more adapted to accept the innovations and to adopt the changes or new products. Diffusion demands sacrifices and costs for innovations. Economies have to bear something like the costs that diffusion demands. A new innovation or a new product need time, resources and money for its development. High diffusion can be seen only in the economies which are able to bear the costs and with a population which adopts the changes. These economies will grow faster than others since the diffusion make them much productive and helps consume the new products.
Slow or less growing economies find it difficult to face diffusion since they lack the ability to bear the cost and hesitate to adopt the new products or services. Less growing economies will make the population less adaptive to the change in products and new products in the market. A population which fails to accept the new innovations and products quickly will pulls the economy back from the idea of diffusion. This makes a cycle between the population and the economy not to adapt diffusion. The less interest to diffusion will further reduce the productivity and the ability to utilize resources, pulling back from growth and development of the economy an also the society. Also, the population in a less growing economy finds it difficult to consume the new products and technology due to the risk and their ability to purchase that.