answersLogoWhite

0

Technology improves access to a lot of other goods and services. This increased access leads to a higher standard of what is expected in a home or expected to create a lifestyle.

User Avatar

Wiki User

10y ago

What else can I help you with?

Continue Learning about Economics

Why did roosevelt abandon the gold standard?

Create deflation


What is a fundamental goal of business?

Fundamental Goal of BusinessThe fundamental goal of Business is to create Surplus. This always need not be in terms of Money, but improved customer satisfaction, Goodwill etc. Brahmajyothi


What is the effect of improved farming?

Improved farming techniques enhance crop yields and increase food security by optimizing resource use and minimizing waste. These advancements often lead to better soil health, reduced environmental impact, and increased resilience to climate change. Additionally, they can boost farmers' incomes and create economic opportunities in rural communities. Overall, improved farming contributes to sustainable agricultural practices and supports global efforts to combat hunger.


Why is the gold standard considered bad for modern economies?

The gold standard is considered bad for modern economies because it limits the flexibility of monetary policy, constrains economic growth, and can lead to deflationary pressures. Additionally, it can create instability in the financial system and make it difficult for governments to respond to economic crises effectively.


What is the role of the standard curve?

A standard curve is a graphical representation that relates known concentrations of a substance to a measurable response, often used in quantitative analysis. It allows for the determination of unknown concentrations by comparing their responses to the established curve. By plotting the standard concentrations against their corresponding responses, researchers can create a linear or nonlinear relationship that aids in accurate and reliable quantification of samples in various fields, including chemistry and biology.