ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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increase in GDP
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stronger its economy
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technology
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more goods & services
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boosts a country’s exports
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Detailed explanation-1: -One of the first ways that technology can improve your manufacturing business is by maximizing efficiency. This means that technology is able to ensure time is used in the best manner possible by cutting down production times and automating tedious as well as time-consuming tasks.
Detailed explanation-2: -Technology has a big impact on businesses, in terms of both updating existing products and finding new ways of manufacturing products. Technology benefits businesses as it allows them to produce higher quantities, make products more consistent and be more cost-effective.
Detailed explanation-3: -Resource Depletion: The more demand for new technologies and advancement of current technologies, the more pressure we put on earth’s natural resources.
Detailed explanation-4: -Increases efficiency and lowers cost. Helps economies evolve. Decreases self-reliance. Negatively affects the value of workers.