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How can changes in technology or consumer demand make it difficult for people to get jobs?
Wiki User
∙ 8y ago
Technology can decrease amount of workers by robots. Robots are part of technology. With their increase it is easy to complete jobs fast. S it will cause to loss of jobs in almost every fields. The jobs of low qualified people will loss. Highly qualified can remain. But it is hard to low qualified people to remain on their jobs. Hardworking men will also loss jobs.
Wiki User
∙ 11y ago
Wiki User
∙ 8y agoBy changing the number or kind of jobs available.
-NovaNet. Gradpoint
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Globalization the development of new technology changes in consumer demand and the discovery of new resources are all causes of?
structural unemployment
How changes in consumer tastes and consumer incomes affect demand?
If consumer income increases, demand will increase. If income decreases, there is less money to spend, so demand for products that are not necessary will decrease. Consumer tastes influence what products are in demand. This can change over time, so a product that is in high demand may become a low demand product and visa versa.
What is perfectly inelastic demand?
This occurs when price changes but demand does not change. Consumer buy same quantity despite the change in Price and PED is 0
Where is business demand often derived?
The nature of the demand for products differs from consumer demand because it is often derived from consumer demand.
What Importance f law of demand?
It helps to Determination of price. The study of law of demand is useful for a trader to fix the price of a commodity. And also law of demand explains consumer choice behavior when the price changes.
How can consumer tastes and preferences influence demand?
consumer buying increases demand when the supply begins to drop the demand goes up.
What is stagnant demand?
Stagnant demand refers to a situation where the level of consumer demand remains low or constant over a period of time, without showing signs of growth. This can be a result of various factors such as economic downturns, saturation of markets, or changes in consumer preferences. Stagnant demand can have negative implications for businesses as it can lead to lower sales and revenue.
Where can articles on consumer demand be found?
There are articles about consumer demand on the economic times website. The sciencedaily website has consumer demand articles relating to the desire for more eco-friendly items.
Outline the Main determinant of demand for consumer goods.?
outline main determinants of demand for consumer goods?
What is consumer needs?
Consumer needs are what drives a demand for products.
What is competitve demand?
Competitive demand is the demand for commodities that offer similar functions to the consumer
What factor influence a region photosynthetic productivity?
The main factor influencing production is consumer demand.
