Technology is nothing more than a innovative tool, which helps in smoothing the process of any work.
Technology results in higher productivity, and thus higher incomes. Most of the significant increase in incomes almost always has a technological contribution Technological advancement surely plays a role in the end of this recessionary cycle.
That I'm aware of, no one has ever found a serious connection between unemployment and technological advancement. In fact, I suspect (although this is pure speculation) that unemployment is lower in more technologically advanced countries.
Technology effects:
1 Connects the world at one click
2. Transactions are done online.
3. business Deals are done online
All these point mentioned above are directly associated with 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. .
It makes the economy stronger and more efficient.
technology
Medical technology costs a lot of money so it could force people to have no money and drop the economy quality.
they made trains and went west
technology developed during the war was used for consumer products
Technology developed during the war was used for consumer products.
what are the effect of comunication of science and technology, or science and technology effect on communication.
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
technology benefits and also create problems in an economy. technology used wisely will add growth and development to an economy and if used in an unwisely manner will decrease the speed of growth and development.
The use of technology to design the products is important in order for the economy to get by. However, technology alone doesn't influence the product design, the economics of supply and demand are what makes the economy stable.
postindustrial economy