Technology plays a key role in the advancement of economy for a nation. With modern technology a nation is able to streamline its process, multiply its production, thus adding to the economy.
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what was the role of the factor in the southern economy
the role of commercial banking in the development of nigerian economy
Check out the related link on LIC's role in the Indian economy.
Developing nations play a crucial role in the rise of the global economy by serving as emerging markets that drive consumption and investment. Their growing populations and increasing purchasing power create opportunities for businesses worldwide, fostering trade and innovation. Additionally, these nations often have abundant natural resources and labor, which can enhance global supply chains and attract foreign direct investment. Overall, the economic growth of developing countries contributes significantly to global economic dynamics and stability.
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The slippage in the economy in the 1920 in United States was as a result of better machines for production. There was advancement in media technology as well which played an integral role in the spillage.
Many of the technological achievements that eventually led to this growth surge were accomplished by Eastman Kodak Company.
Technology is nothing more than a innovative tool, which helps in smoothing the process of any work. Technology results in higher productivity, and thus higher incomes. Most of the significant increase in incomes almost always has a technological contribution Technological advancement surely plays a role in the end of this recessionary cycle. That I'm aware of, no one has ever found a serious connection between unemployment and technological advancement. In fact, I suspect (although this is pure speculation) that unemployment is lower in more technologically advanced countries. Technology effects: 1 Connects the world at one click 2. Transactions are done online. 3. business Deals are done online All these point mentioned above are directly associated with economy.
United Nations Educational, Scientific, and Cultural Organisation or UNESCO is the agency you need to contact
power and dictator
South Korea's economy is characterized by its rapid industrialization and export-driven growth, making it one of the largest economies in Asia. It boasts a high level of technological advancement, particularly in sectors like electronics, automobiles, and shipbuilding. The economy is also marked by a strong presence of conglomerates known as "chaebols," such as Samsung and Hyundai, which play a crucial role in driving economic activity. Additionally, South Korea has a highly skilled workforce and invests significantly in research and development, fostering innovation.
what was the role of the factor in the southern economy
Most nations have mixed economies, where both the government and the private sector play a role in economic decision-making. In these economies, elements of both capitalism and socialism are present.
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the role of commercial banking in the development of nigerian economy
The naacp is the National Association for the Advancement of Colored People. There role is the advancement of colored people. Only now I don't know if you can say colored people. Go figure.