What is the societal result of the pursuit of doing more with less by both individuals and businesses? Give an example from the book.

The result is a perpetual virtuous cycle of increasing efficiency, leading to better products and services offering more value per resource spent in the form of money, time, and raw materials. Today’s poster child is the smartphone that packs a wealth of time saving, life-enhancing functionality into something that fits comfortably in your hand. Only 20 years ago, the same functionality required rooms full of equipment, to the extent it was available at all.

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