Question

WHAT IS TECHNOLOGY? EXPLAIN WHY TRADE RESULTS IN ECONOMIES BEING MORE PRODUCTIVE?

WHAT IS TECHNOLOGY? EXPLAIN WHY TRADE RESULTS IN ECONOMIES BEING MORE PRODUCTIVE?


Homework Answers

Answer #1

Technology is anything to do better act , easier and make cheaper. technology difination is a wider term.

technology is everything like as computer, machines which is usable for human being.

technology assist to economy of any country. By using technology its create economic growth of the country.

In moderisation, technology is an important factor to conduct any trade in effective and efficeint manner.

Technology and time factor both are crucial term for any trade.

By adoption of new way of conduct trade in efficient and effective manner. any trade can boost their profit maximastion.

Every Enterprise wants to update with respect to time and technology.

By adopting of new way of technology, any trade can acheieve their goal.

trade can run in efficeint manner. lean system is also a method to reduce cost per unit of any trade.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Explain and discuss why even when an individual or country is more productive than another individual...
Explain and discuss why even when an individual or country is more productive than another individual or country at all tasks, trade between the two can improve overall output.
If a nation is more productive than a trading partner, can it still gain from trade...
If a nation is more productive than a trading partner, can it still gain from trade with that partner? Use the concepts of absolute and comparative advantage to explain.
with consideration to shade tolerance, explain if and why modern corn is more productive than corn...
with consideration to shade tolerance, explain if and why modern corn is more productive than corn of 100 years ago
In what ways do the trade problems of developing economies differ from those of advanced economies,...
In what ways do the trade problems of developing economies differ from those of advanced economies, and what are the implications of these differences for the design of their trade policies.
What are the effects of economies of scale on world trade?
What are the effects of economies of scale on world trade?
Should the US follow a more protectionist trade policy? Why or why not? What could be...
Should the US follow a more protectionist trade policy? Why or why not? What could be some measures the US can impose to restrict international trade? How would these measures affect the US trade balance, the current account balance, the capital account balance and the value of the dollar? Explain.
International Trade (a) Define the concepts of external and internal economies of scale. Give examples and...
International Trade (a) Define the concepts of external and internal economies of scale. Give examples and discuss their differences. (b) Why are these two concepts important in international trade? PLEASE EXPLAIN CAREFULLY
Explain trade discounts. what is a trade discount, why do companies offer trade discounts and why...
Explain trade discounts. what is a trade discount, why do companies offer trade discounts and why are trede discounts not recorded in the accounts?
Explain why scale economies and scope economies are key determinants of the financial deals that a...
Explain why scale economies and scope economies are key determinants of the financial deals that a financial firm takes on. (typed)
3. What are some of possible reasons why an average union worker might be more productive...
3. What are some of possible reasons why an average union worker might be more productive than an average nonunion labor with similar skills?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT