Great phrase - fractal improvement. It's kind of the idea of this book [0]

Even more cool: commercial progress trails tech. It takes a long time for companies to figure out how to turn a new idea or a cheaper input into a new product/industry, and then for related companies to grow into an economic ecosystem.

So one would expect to see some spectacular economics over the next couple of centuries.

[0] https://www.amazon.com/Abundance-Future-Better-Than-Think/dp...