Question

explain the role of Technology in shaping the world economy of the 19th century​

Answer 1

Answer:

Technology played a crucial role in shaping the economy.

A major part of the growth of net national income in developed countries has been due to technological changes. Robert Solow says that technological change accounted for about 2/3 of growth of the US economy...

Answer 2

Explanation:

Heyy buddy☺️

Technological advancements stimulated the process of industrialisation, which expanded production of goods and trade. It also contributed in the growth of railways and further innovations for easy transportation of goods and raw materials.

Scientific and technological advancements invented and perfected during the early 1900s had significant effects throughout the twentieth century. Intense thought, research, and experimentation in the fields of mechanics, communications, physics, genetics, and psychology dominated the decade

and at last

Technology has played an important role in shaping the world economy in the 19th century. ... A major part of the growth of net national income in developed countries has been due to technological changes. Robert Solow says that technological change accounted for about 2/3 of growth of the US economy.

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