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.
Specialization increases an individual or groups productivity (and income) according to the principle of comparative advantage.
productivity is provide a measure to effective and efficient use resources
no
how does affect the all economy
We don’t have the innovations you were given so can’t provide an answer.
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.
Specialization increases an individual or groups productivity (and income) according to the principle of comparative advantage.
Several companies were leading the way with artificial intelligence systems designed to predict the likelihood of default by a mortgage borrower and other automated services.
During the 1990s, there were many strides made in the technological sector. There was a great increase in the share prices of companies that were in the technology sector.
productivity is provide a measure to effective and efficient use resources
no
how does affect the all economy
it does not affect the economy
Innovations in transportation and technology increased efficiency and productivity, leading to specialization in different industries and the creation of new job opportunities. It also led to the displacement of workers in certain industries as automation replaced manual labor. Overall, these innovations reshaped the work force by changing the nature of work and creating new skill requirements for workers.
they reduce it
they cant