when technology improves, PPC (production possibility curve ) will shift rightward and the total production in an economy will increase.
An increase in technology will cause a shift in supply curve due to lowered production costs. This increased supply will put downward pressure on prices, driving up quantity demanded.
Changes in a producer's technology can lead to a SHIFT in the supply curve.
Supply will increase.
Information technology helps with increasing efficiency in the economy because it improves on efficiency of jobs and money relocation.
Lowers production cost
To improve the economy
Improves results
it improves our standard of living
Technology helps human answer their thoughts and improves quality of humankind
Software development technology and the understanding of phenomena.
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Improves results
Anything new that improves the lifestyle of man is called technology. Therefore, technology developed since time immemorial.
It changes supply by how much is bought. The more technology that is bought, the less supply there is. The less that is bought, the more supply there is.
Improves Results -marisa
Improves ever day life
Technology improvement is directly proportional to the enhancement of science since improvements in technology help in scientific research.