Evaluating a New Technology's Potential
Imagine a new technology has been developed that allows for the instant, low-cost creation of customized biological materials, such as living tissues or organic catalysts. This technology is initially used in specialized medical research labs for drug testing. Proponents argue it has the potential to become a 'general-purpose innovation.' Based on the defining characteristics of such an innovation, construct an argument evaluating whether this new technology is likely to achieve this status. In your response, you must justify your position by discussing the potential scope of its applicability and its capacity to enable further innovations across different sectors of the economy.
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