ECONOMICS (CBSE/UGC NET)

ECONOMICS

TECHNOLOGY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following best illustrates the economic impact of the Technology industry in Georgia?
A
Georgia is a leading producer of commodities like peanuts, pecans, cotton, soybeans, poultry and blueberries
B
he manufacturing industry employs 6.4 million workers
C
Georgia ranks #1 in the world for most feature films
D
Georgia ranks in the nation’s top 10 technology employment markets
Explanation: 

Detailed explanation-1: -The Georgia Colony was rich with natural resources such as fish, timber, and good agricultural land. This is why their main industries were sugar, indigo, and rice. Farming and plantations were important economic success of the colony.

Detailed explanation-2: -Georgia’s modern economy has traditionally revolved around Black Sea tourism, cultivation of citrus fruits, tea and grapes; mining of manganese and copper; and the output of a large industrial sector producing wine, metals, machinery, chemicals, and textiles.

Detailed explanation-3: -Global Innovation Index 2022 Ranking List of Top 10 countries. It is evident that Switzerland has secured Global Innovation Index 2022 1st rank. Switzerland is the most innovative economy in the world for the 12th year in a row. It is followed by the United States, Sweden, the United Kingdom and the Netherlands.

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