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The effect that new technology usually has on economy is seen in various ways. Technology will improve of efficiency and the overall productivity in the market. .
• That this is likely to lead to economic growth or improved living standards (or equivalent answer) (2 marks). • Costs of production fall/efficiency increases so more profit • Removes inflationary pressure • Allow answers based on competitiveness. • Encourages inward investment • Effect on the current account • Shift out in the PPF/increase in productive potential • Effect on employment levels ^^^^^^^^^^^^^ copied straight from a mark scheme
1. Demand of commodities 2. cost of production 3. Foreign trade 4.Rate of population growth
prices rise
The most common effect is for a frugal organization to under-invest in productivity enhancement. This may be caused by past productivity improvement projects failing to deliver expected financial returns and/or may be due to using an unreasonably high "hurdle rate" (expected internal rate of return) for operations improvement projects.
There has been a decline in economic productivity in countries affected by AIDS.
There has been a decline in economic productivity in countries affected by AIDS.
The effect that new technology usually has on economy is seen in various ways. Technology will improve of efficiency and the overall productivity in the market. .
Decreasing automation can lead to reduced efficiency, slower production speed, increased error rates, and higher labor costs for a company. This can result in lower productivity levels and competitiveness in the market compared to companies that embrace automation.
Resources which are available in nature in their natural form are called natural resources. Productivity is the average amount of produce per unit area. Reduction in the various process in terms of quantity and quality is called decline of natural resource. Impact is the after effect of the decline of natural resource which is bourne by all living beings on the earth.
• That this is likely to lead to economic growth or improved living standards (or equivalent answer) (2 marks). • Costs of production fall/efficiency increases so more profit • Removes inflationary pressure • Allow answers based on competitiveness. • Encourages inward investment • Effect on the current account • Shift out in the PPF/increase in productive potential • Effect on employment levels ^^^^^^^^^^^^^ copied straight from a mark scheme
It doesn't 'do' anything. Efficiency measures the effect something has in proportion to the energy required for that effect.
The effect of the acid value is that it enhances the working efficiency of a lubricant.
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1. Demand of commodities 2. cost of production 3. Foreign trade 4.Rate of population growth
There would be a decrease in productivity because the algae "fix" nitrogen needed for protein production.
prices rise