Why is IT so productive in terms of Economy
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Increases in output can only be due to increases in the inputs to the production process, or to the efficiency with which they are used. With growth in productivity, an economy is able to produce—and consume—increasingly more goods and services for the same amount of work.
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Increases in output can only be due to increases in the inputs to the production process, or to the efficiency with which they are used. With growth in productivity, an economy is able to produce—and consume—increasingly more goods and services for the same amount of work.
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