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Usually, new technology will increase productivity in the economy. For example, if you replace a human in a factory with a robot that can work twice as quickly without breaks, productivity would increase.
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What effect does new technology usually have on 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. .
How does specialization affect the economy?
Specialization increases an individual or groups productivity (and income) according to the principle of comparative advantage.
How does technology affect the economy of the US?
The US is a manufacturer of most of the technology used in the world. The export of these technology adds to the GDP of the USA. The use and discovery of technology has created jobs for its citizens.
How did the war affect the American economy after the war?
Technology developed during the war was used for consumer products.
List some factors that can affect productivity and some ways that productivity can be improved?
productivity is provide a measure to effective and efficient use resources
What effect does new technology usually have on 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. .
How does specialization affect the economy?
Specialization increases an individual or groups productivity (and income) according to the principle of comparative advantage.
How did industrialization and new technology affect the economy and society in 1865?
They helped alot
How does modern technology affect your economy nowadays in the Philippines?
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
How does technology affect the economy of the US?
The US is a manufacturer of most of the technology used in the world. The export of these technology adds to the GDP of the USA. The use and discovery of technology has created jobs for its citizens.
How did the effort affect American economy after the war?
Technology developed during the war was used for consumer products.
How did the effort affect the American economy after the war?
Technology developed during the war was used for consumer products.
How did war affect the American economy after the war?
Technology developed during the war was used for consumer products.
How did the war affect the American economy after the war?
Technology developed during the war was used for consumer products.
Why is productivity related to the economy?
cause it just is
List some factors that can affect productivity and some ways that productivity can be improved?
productivity is provide a measure to effective and efficient use resources
How does productivity affect supply?
no
