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Why might the use of more advanced technology not be a sufficient condition for sustained economic growth?
The use of advanced technology alone may not guarantee sustained economic growth because it often requires complementary factors such as skilled labor, effective institutions, and robust infrastructure to fully realize its potential. Additionally, the benefits of technology can be unevenly distributed, leading to income inequality and social unrest, which can hinder overall economic progress. Furthermore, technological advancements can disrupt existing industries, potentially leading to job losses and economic instability if not managed properly. Therefore, a holistic approach that combines technology with other critical factors is essential for sustainable growth.
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What is IT sector?
Information technology(IT) sector is the firm which uses computers, advanced technology to transmit, develop and manipulate, and to store useful data.
Does advanced technology contribute to your economy?
Yes. As a nation acquires more advanced technology, its manufacturing becomes more efficient, allowing for many of its citizens to enjoy shorter work hours and thus giving them more leisure time in which to spend their money. However, advances in technology can also lead to the mechanization of the workforce and cause people to lose their jobs, so technology can affect an economy both positively and negatively.
What effect does advanced technology usually have on the cost of each item produced by a business?
The cost of each item decreases.
Discuss how the changes in technology have affected the effectiveness of US export control policy?
Changes in technology have allowed the US to decrease the educational gap and increase higher learning, with more individuals receiving degrees. Technology has also prepared the US government whenÊdealing with attacks and terrorism on its soil, with advanced tools used by the military.
What factors are important to make a country developed?
The factors that make a developed country are ..... wheather it has.... advanced technology, strong buildings, high educaion, heathcare, housing, big buissnesses and more.
What is advanced technology degree?
An advanced technology degree may be a degree focusing on developing advanced technology for businesses. It could also be a degree that focuses on working with advanced technology.
What is advanced technology?
An advanced technology degree may be a degree focusing on developing advanced technology for businesses. It could also be a degree that focuses on working with advanced technology.
How advanced is Australia's technology?
Australia's technology is as advanced as the technology in all other developed countries.
When was Advanced Technology Group created?
Advanced Technology Group was created in 1986.
When was Advanced Technology College created?
Advanced Technology College was created in 2001.
When was Advanced Cell Technology created?
Advanced Cell Technology was created in 1994.
When was Advanced Technology Ventures created?
Advanced Technology Ventures was created in 1979.
Is a camera an example of advanced technology?
Well it depends on the camera, for example a disposable camera is not advanced technology it is merely technology. However cameras on satellites are very advanced technology, they are always watching!
When was Visvesvaraya Institute of Advanced Technology created?
Visvesvaraya Institute of Advanced Technology was created in 2009.
When was Defence Institute of Advanced Technology created?
Defence Institute of Advanced Technology was created in 1952.
When was Advanced Technology Development Center created?
Advanced Technology Development Center was created in 1980.
When was Advanced Technology Development Facility created?
Advanced Technology Development Facility was created in 1988.
