ECONOMICS (CBSE/UGC NET)

ECONOMICS

TECHNOLOGY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Are Science and technology important to economic development and nation building?
A
Yes
B
No
C
Maybe
D
I don’t know
Explanation: 

Detailed explanation-1: -Science and Technology hold the key to the progress and development of any nation. Technology plays a fundamental role in wealth creation, improvement of the quality of life and real economic growth and transformation in any society.

Detailed explanation-2: -It prepares them for careers in business, law, government, journalism, research, and education, and it provides a foundation for citizenship in a globalizing, diversifying world with rapid technological and scientific change. To see what our graduates are doing, go to our STSC alum page.

Detailed explanation-3: -In economics, it is widely accepted that technology is the key driver of economic growth of countries, regions and cities. Technological progress allows for the more efficient production of more and better goods and services, which is what prosperity depends on.

Detailed explanation-4: -Science and technology enable us to save both time and money. Science and technology open up new perspectives of understanding. Science and technology aid in the advancement of the field of education. Science and technology contribute to the development of treatment and therapeutic equipment.

Detailed explanation-5: -It will make our life easier. It helps us organize our daily activities. This helps our work can be done faster. It helps us to communicate more easily with others. This helps us to better know and understand other cultures and societies. 02-Mar-2023

There is 1 question to complete.