what is the imapact of an improvement in the technology of the economy
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Answer:
Hello, this question is my favourite one. There was a economist called Adam smith the author of the book wealth of nations, he told that economy should spur when there is great communications between people which spurs knowledge sharing. We can now be connected through social media , youtube any knowledge sharing applications and we can get any type of information we want in seconds. with the help of technology we can spur innovation growth which thus improves the lives of people and yes the entire economy. An improvement in Technology would likely be beneficial to sustainable energy development , greener country, solutions for healthcare, education, media , manufacturing , agriculture etc which just improves the economy . Improvement in technology - improvement in services tools people networks knowledge etc - improvement in people growth - improvement in exports, businesses - improvement in taxes and less govt focus on citizens due to corporate wars developments - improvement in economy. Thankyou