How are "Goods for the future" the ingredients of economic growth?

Question

This is an economic question to which I am having trouble grasping, finding information on, or finding examples.

Answer 1

Goods for the future are the ingredients of economic growth because they foster invention and innovation. The creation of new products requires the investment of time, money, people, and intelligence.
For example, the 3M company produces a wide range of products including industrial adhesives, Scotch tape, Post-It notes, car waxes, and bandages. To create new products, 3M needs to hire chemists, engineers, and business people. These are all jobs that require college degrees. In its quest for profit, 3M needs to create good for the future by hiring people that were educated in colleges and universities that employed other people as well. These students lived in dorms built by tradespeople and the professors got to campus in cars made in factories. 3M and the college pay the engineers and professors excellent salaries so these people felt they could afford to have a larger family. Those children grow up to be the next generation of inventors and the process starts again.

It's a bit of a ragged paragraph, but you get the idea. Basically, the ambition for profit drives growth. The synergy of different groups combine to form a viable economy.