I agree, but would add the importance of #3. You can't transform/manufacture things without some process for doing so (or doing so more efficiently or effectively than was previously possible), and the physical means to this itself needs to be created/manufactured. It's 'tooling' and there's a kind of chicken-egg thing going on. Also related to the distinction between algorithms in the abstract sense and the infrastructure (software or otherwise) that enables their implementation.

Yup, good point.