Technology can become a barrier to entry for producers
market, cost, technology, government and competition.
Technology is a way of creating inventions for example like wheel barrow peole invented that we cant do nothing without technology
A monopoly is when a market has many buyers but only one seller.
Technology is very important in determining the size and scope of an industry. Home countries oppose export of technology because this would provide their trade secrets to other countries. Technology defines the quality of a product manufactured. Exporting the technology used in home country is not viable because this way the countries lose their comparative advantage to other firms. When other countries would have the same technology they would be able to make the same products. This way there would be less and less demand of products made by home country because it would be readily available in the market.That is why technology is considered as the barrier to entry in an industry. The international market is very demanding and complex. It is not very easy to understand its mechanism. Product decisions are made considering various different things such as technology, level of similar products internationally, product quality, international standards compliance etc.
Technology can become a barrier to entry for producers
Because of your mom
because of Miley Cyrus
Because kyle mcdougall said so..... :)
Well Technology is transferable, it can applied to new situations
As technology changes your mind thinks better and better.
market, cost, technology, government and competition.
A spin-off is something that is derived from something else.
it has shortened the lifecycles leading to faster obsolescence
AMD and Intel are in a cutting throat competition.
technology in the united states
As competition and technology have changed and become more complex, business leaders have to become more technologically savvy in order to keep their business functioning and in the mainstream. This means being more competitive, being ahead of the game technologically, especially in certain industries, and being willing to completely change your game plan if need be to keep up with the ever change business world.