Asked in Uncategorized
In which example are lower production cost brought about by the use of technology?
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Asked in Electronics
What is an example of lower production costs brought about by the use of technology?
Asked in Economics
How successful generation and utilization of technology lead to economic development?
Technology affects the utilisation rates, marginal productivity, and inter-input returns from production. Development and investment in technology leads to lower production costs, which, in turn, lead to improved social outcomes due to lower unit costs. Technology allows for the expansion of possible production within the same feasibility constraint, allowing Pareto efficient outcomes to be greater than before technological growth.
Asked in Technology
What are the positive and negative impacts on production technology?
There are many different things that may or may not affect the influences of technology, but a simple one is that it takes away simple jobs in some cases. In another way, production technology can effect local buisnesses. For example, a Wal-Mart could simply destroy a small ice cream shop, for obvious reasons. Many things in production technology, such as building fast working machines, is difficult to program and very expensive. Many wealthy people tend to benifit from mass production, and further, production technology. In a positive way it makes things cheaper, the more you make, the lower the calue goes. In a dangerous enviornment, a robot or some other aspect of technology can be untilized to the benefit of humans.
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Asked in Economics, Industrial Revolution
What were the economic effects of the Industrial Revolution?
Some economic effects included: Rapid increases in technology (which affects production). Standardisation of production processes (e.g.) the assembly line) and parts. Substantially lower transportation costs and development of improved transportation systems (e.g.) canals; railroads). Better and cheaper intermediate good production (e.g.) steel). Vast increase in global trade.
Asked in Industrial Revolution
What is one positive change during the Industrial revolution?
Larger production/faster production of goods. More good were readily available for the upper class. It also allowed lower class people to 'specialise' in their employment. For example, John a father of 6 children used to make shoes manually. Now with the introduction of technology John now specialises in working the machine that produces soles for shoes. i think it changed it positivly. Also not positivly
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Asked in Technology
How information technologies increases unemployment?
There are a couple of arguments in regards to Information Technology and unemployment. People who believe that Information Technology has had a negative impact on employment state that machines are replacing jobs that have been originally meant for humans. These newly unemployment people will have to be trained in a new skill. To look at the other argument we will look at the Production Possibilities Model. The model does shift rightward due to Information Technology which means society is more productive and greater productivity equals lower unemployment. For example, raw materials can be found and mapped easier.
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Asked in Industrial Engineering
Why are materials improved by technology more durable than the original?
This is actually not necessarily the case. When a material is altered and/or improved by technology, it is being changed to be more useful. In some cases, that better use can be lower cost for increased production and this could lead to lower durability, so it is not the case that an altered/improved material is necessarily more durable. However, for the majority of substances, industrial alterations do increase durability by adding additional materials that do not have the same weaknesses. For example, iron corrodes, so the use of other metals that do not corrode to create stainless steel which does not corrode and is, therefore, more durable.
Asked in Ecosystems
Why is an ecosystem's net primary production lower than its gross primary production?
Asked in Learning Theories, Electrical Engineering
What is the difference between a hexaformer and a transformer?
The hexa-transformer is a three-phase transformer with a specially shaped core, arranged in a triangular shape. The core consists of nine rolls of laminated steel bands and the core legs have a cross sectional shape of a hexagonal. Transformers built according to this concept are characterised byhigher energy efficiency, lower weight and volume, lower vibrations and noise level, lower electromagnetic stray field, inrush current and lack of third harmonic. In addition, compared to the traditional technology of power transformer production that involves a large amount of manual labour, the new technology allows automating the production process to a large extent.