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Yes. As a nation acquires more advanced technology, its manufacturing becomes more efficient, allowing for many of its citizens to enjoy shorter work hours and thus giving them more leisure time in which to spend their money. However, advances in technology can also lead to the mechanization of the workforce and cause people to lose their jobs, so technology can affect an economy both positively and negatively.
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Explain growth of the global economy?
There are only three factors that constitute and contribute to economic growth: Labor, Capital, Technology.
How do the people in the NE contribute to the economy of the region?
How do the people in the NE contribute to the economy of the region?
What do for-profit organizations contribute to the economy?
The for-profit organizations contribute to the economy in various ways. They create employment and also ensure that they are offering goods or services so as to realize their profits. This helps in boosting the economy.
What concept refers to an economy based on computer technology?
postindustrial economy
What effect does new technology usually have on economy?
The effect that new technology usually has on economy is seen in various ways. Technology will improve of efficiency and the overall productivity in the market. .
Explain growth of the global economy?
There are only three factors that constitute and contribute to economic growth: Labor, Capital, Technology.
What is advanced technology degree?
An advanced technology degree may be a degree focusing on developing advanced technology for businesses. It could also be a degree that focuses on working with advanced technology.
What is advanced technology?
An advanced technology degree may be a degree focusing on developing advanced technology for businesses. It could also be a degree that focuses on working with advanced technology.
What was An organized society with advanced technology working governments vast farming tracts art science trade and an economy called?
A civilization
How advanced is Australia's technology?
Australia's technology is as advanced as the technology in all other developed countries.
When was Advanced Cell Technology created?
Advanced Cell Technology was created in 1994.
When was Advanced Technology College created?
Advanced Technology College was created in 2001.
When was Advanced Technology Ventures created?
Advanced Technology Ventures was created in 1979.
When was Advanced Technology Group created?
Advanced Technology Group was created in 1986.
Did NOT contribute to a weakened economy in the Roman Republic?
You need to specify who or what did not contribute to a weakend economy.
How do the people in the NE contribute to the economy of the region?
How do the people in the NE contribute to the economy of the region?
Is a camera an example of advanced technology?
Well it depends on the camera, for example a disposable camera is not advanced technology it is merely technology. However cameras on satellites are very advanced technology, they are always watching!
