What is the Impact of IT Revolution in Economic
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Answer:First of all, the IT revolution can increase the rate of growth of the capital stock by stimulating active IT-related investment. This kind of investment leads to increasingly sophisticated IT technology being built into capital and, accordingly, raises the quality of capital as well.
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First of all, the IT revolution can increase the rate of growth of the capital stock by stimulating active IT-related investment. This kind of investment leads to increasingly sophisticated IT technology being built into capital and, accordingly, raises the quality of capital as well.
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