What is main technology in macroeconomic
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Technology, for economists, is anything that helps us produce things faster, better or cheaper. When you think of technology there’s a good chance you think of physical things like big machines or fast computers. But when economists talk about technology, they’re thinking more broadly about new ways of doing things. In this sense, processes like assembly line production or creating medical vaccines are considered technologies. Even social or political things like language, money, banking, and democracy are considered technologies.
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Technology, for economists, is anything that helps us produce things faster, better or cheaper. ... But when economists talk about technology, they're thinking more broadly about new ways of doing things. In this sense, processes like assembly line production or creating medical vaccines are considered technologies.
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