Elucidate what impact would the universal replicator have

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The Universal Replicator is a machine that can replicate any physical good. If a car is put into the Universal Replicator, the machine will create an exact working duplicate at the touch of a button. It will work on any non-living object. Assume this technology becomes widely adopted throughout the country by manufacturers of all types.

What impact would the Universal Replicator have on the economy?

Reference no: EM1361120

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