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Give an example of a firm or industry that has exhibited dramatic technological progress. Briefly describe...

  1. Give an example of a firm or industry that has exhibited dramatic technological progress. Briefly describe the progress. Was this technological progress neutral, capital-saving, or labor-saving?
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Answer #1

The best example of a firm that has exhibited dramatic technological progress is Amazon online platform company where Amazon is using very high Technology in delivering the goods on time.
Amazon is using drones as a delivery to the customer and this is the most highly established technology used by any company in such a manner so that it will give an option off quick service.
This technological progress is labour saving because with the use of technology in the delivery system of the goods and services at the doorstep of the customer then it means there is no use of labour involved in this type of distribution, therefore, it is a labour-saving Technology because the capital involvement is very high.

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