0
There are TONS of ways technology affects economy but one is that with technology, people lose their jobs because technology has gotten so good that it replaces people. When there are less jobs it affects the economy, as you can see by our current situation.
Wiki User
∙ 13y ago
Wiki User
∙ 13y agoOther examples include the newspaper and magazine industry which are currently seeing record drops in sales and customers because everyone can find the exact same information on the internet for free. Newspaper classifieds used to be major money makers... not any more because people now go online to sell through other channels.
Wiki User
∙ 12y agoRequirements are the main problem that is affecting buisness a lot .peoples want very fast technologiezed product which make there life simple and easy in such a fast happening world .but if a company is going with a same product from recent many years and they have good market and sale of there product and at once there is a great fall in there buisness and thus affecting worstly .people want the latest technology product which may some other company is providing this will disturb the whole environment of the company.as they dont have the suitable environment and staff for that particular product.
Wiki User
∙ 12y agosee what it is i really don't know?u goin to have 2 ask sum who into business
see what it is i really don't know?u goin to have 2 ask sum who into business
Wiki User
∙ 15y agoit affects it sharply because technology is making spent our money by buying expensive technology stuff
Wiki User
∙ 14y agoPapers upon papers can be written. For the most part, it has been positive. Progression is usually good, despite how it affects the economy.
Add your answer:
Earn +20 pts
How does technology affect the economy of the US?
The US is a manufacturer of most of the technology used in the world. The export of these technology adds to the GDP of the USA. The use and discovery of technology has created jobs for its citizens.
How does technology affect productivity in an economy?
Usually, new technology will increase productivity in the economy. For example, if you replace a human in a factory with a robot that can work twice as quickly without breaks, productivity would increase.
How did the war affect the American economy after the war?
Technology developed during the war was used for consumer products.
How did war effort affect the American economy after the war?
Technology developed during the war was used for consumer products.
How did the war effort affect the economy after World War 1?
Technology developed during the war was used for consumer products.
How did industrialization and new technology affect the economy and society in 1865?
They helped alot
How does modern technology affect your economy nowadays in the Philippines?
Information corncening technology in our morden economy Information corncening technology in our morden economy Information corncening technology in our morden economy Information corncening technology in our morden economy Information corncening technology in our morden economy Information corncening technology in our morden economy Information corncening technology in our morden economy
How does technology affect the economy of the US?
The US is a manufacturer of most of the technology used in the world. The export of these technology adds to the GDP of the USA. The use and discovery of technology has created jobs for its citizens.
How does technology affect productivity in an economy?
Usually, new technology will increase productivity in the economy. For example, if you replace a human in a factory with a robot that can work twice as quickly without breaks, productivity would increase.
How did the effort affect American economy after the war?
Technology developed during the war was used for consumer products.
How did the effort affect the American economy after the war?
Technology developed during the war was used for consumer products.
How did war affect the American economy after the war?
Technology developed during the war was used for consumer products.
How did the war affect the American economy after the war?
Technology developed during the war was used for consumer products.
How did the war effort affect American economy after the war?
Technology developed during the war was used for consumer products.
How did the war effort affect the Americans economy after the war?
Technology developed during the war was used for consumer products.
How did war effort affect the American economy after the war?
Technology developed during the war was used for consumer products.
How did the war effort affect the economy after World War 1?
Technology developed during the war was used for consumer products.
