ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How do you think future technological innovations might impact life in Texas?
A
They won’t have an impact on people’s lives.
B
They will make life easier.
C
They will not be successful.
D
None of the above
Explanation: 

Detailed explanation-1: -Using technology allows you to automate tasks, set up reminders, gather receipts, track investments, compare prices, and more. With technology, you won’t have to waste your time doing simple financial tasks. With just a few clicks, you can instantly pay your bills.

Detailed explanation-2: -Technology affects almost every aspect of 21st century life, from transport efficiency and safety to access to food and healthcare, socialization and productivity. The power of the internet has enabled global communities to form, and ideas and resources to be shared more easily.

Detailed explanation-3: -Over time, technology will enable financial stability and discipline without the need for people to gain relevant knowledge. AI and machine learning advisors will become ubiquitous, constantly recommending the next gig, next investment or next online class to us, truly democratizing growth and financial wellbeing.

Detailed explanation-4: -It has made our lives easier in many ways but also more complicated. On one hand, technology has made communication and transportation faster and easier. It has also made information more accessible. On the other hand, technology has made us more reliant on machines and less capable of doing things on our own.

There is 1 question to complete.