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What is the impact of technology to demand for goods and services?
The impact of demand for goods by technology actually lies within how it affects supply. Technology generally lowers the cost of production and increases efficiency, lowering unit costs for good production and thus increasing equilibrium demand. Additionally, secondary effects of technology may come from information: technology imparts information and dependency on those who use it, so they become used to new technology/methods and demand more of it in the future, discarding less efficient methods.
What are some true statements about the industrial revolution and capitalism?
(Nova-Net) New technology made production much more efficient.
What has the author Izuddin Ibrahim written?
Izuddin Ibrahim has written: 'An investigation into future changes in the health and safety practices in newspaper production due to the impact of new technology'
How can you reach beyond the production possibility frontier?
With the introduction of new technology and new resources will shift the production possibility frontier.
What consumer goods and industrial goods are in japan?
For industrial goods new technology and robotsfor consumer goods Electronic equipment, watches, small appliances and calculators
What does new technology generally do to production?
It lowers cost and increases supply.
What consumer goods and industrial goods are made in japan?
For industrial goods new technology and robotsfor consumer goods Electronic equipment, watches, small appliances and calculators
What Cause a production possibilities to move to the right?
new technology, new labor sources, new resources
What can cause a production possible curve to move to the right?
new technology, new labor sources, new resources
When new technology is introduced the production possibility curve will shift which way?
The right.
Impact of information techonology on public administration?
whats new in information technology?
What consumer good and industrial goods are made in japan?
For industrial goods new technology and robotsfor consumer goods Electronic equipment, watches, small appliances and calculators
