Some examples of economic costs associated with implementing new technology in a business include purchasing the technology itself, training employees to use it, potential downtime during implementation, and ongoing maintenance and support costs.
a business is associated with non economic activeities
Real business cycle models suggest that technology plays a significant role in driving economic fluctuations. Technological advancements can lead to changes in productivity levels, which in turn affect business cycles by influencing investment, consumption, and overall economic growth. This means that fluctuations in technology can have a direct impact on the overall health of the economy.
Recession
economic, social, political and technology
An increase in business activity after a recession is an economic turnaround. An introduction of technology helps economies grown and come out of depression.
a business is associated with non economic activeities
Real business cycle models suggest that technology plays a significant role in driving economic fluctuations. Technological advancements can lead to changes in productivity levels, which in turn affect business cycles by influencing investment, consumption, and overall economic growth. This means that fluctuations in technology can have a direct impact on the overall health of the economy.
Recession
economic, social, political and technology
An increase in business activity after a recession is an economic turnaround. An introduction of technology helps economies grown and come out of depression.
Nagy Hanna has written: 'Enabling enterprise transformation' -- subject(s): Business enterprises, Government policy, Economic conditions, Computer networks, Economic development, Information technology 'The information technology revolution and economic development' -- subject(s): Economic aspects, Economic aspects of Information technology, Economic development, Information services industry, Information technology 'The East Asian miracle and information technology' -- subject(s): Economic aspects, Economic aspects of Information technology, Government policy, Information services industry, Information technology, Management, Technological innovations 'Seeking transformation through information technology' -- subject(s): Economic aspects, Government policy, Information technology 'E-transformation' -- subject(s): Economic development, Information technology 'Information technology in World Bank lending' -- subject(s): Bank loans, Data processing, Foreign Loans, Loans, Foreign, World Bank
explain
Samuel M. Rosenblatt has written: 'Technology and Economic Development' 'The multinational enterprise in north-south technology transfer' -- subject(s): International business enterprises, Technology
Maurice Estabrooks has written: 'Electronic technology, corporate strategy, and world transformation' -- subject(s): Business enterprises, Communication systems, Computer networks, Economic aspects, Economic aspects of Information technology, Information networks, Information technology, Management, Strategic planning
AnswerRole of information communication technology in Indian economic growth?AnswerRole of information communication technology in Indian economic growth?
Improved transportation technology, in general, led to economic growth because it allowed for the faster transport of goods. This fostered trade and also encouraged new business.
Improved transportation technology, in general, led to economic growth because it allowed for the faster transport of goods. This fostered trade and also encouraged new business.