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. .
What is technology in market mechanism?
The new smart technology for garage door openers is expected to be released in the next few months.
A disruptive innovation is an innovation that helps create a new market and value network, and eventually disrupts an existing market and value network (over a few years or decades), displacing an earlier technology. Source: Wikipedia
As of July 2014, the market cap for Seagate Technology. (STX) is $19,456,395,825.24.
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at some points (industrial revolutions) technology drives business. most of the time businesses will drive for new technology to be made.
Rockschool - 1985 New Technology 2-1 was released on: USA: 4 November 1987
The New Heroes - 2005 Technology of Freedom 1-2 was released on: USA: 2005
The plasma screen technology was invented in 1964. However, it took a while to gain interest from the market because it was such a brand new and not to mention expensive technology.
Advantages -Increase production skills.. -technology transfer. -reduce competition -increase quality of product -Enter to new market. (if different market.)
The video market is very strong and with new advancements in technology it shall become even stronger as more and more people have access to the tools to capitalize on it,