Market Dynamics and Technical Change
Additive manufacturing refers to the process of creating three-dimensional objects by adding material layer by layer, often using digital models. This technology allows for greater design flexibility and customization compared to traditional manufacturing methods, which typically involve subtracting material from a solid block. The rise of additive manufacturing has disrupted various industries by enabling rapid prototyping, reducing waste, and allowing for complex geometries that were previously difficult or impossible to achieve.
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