How Does Technology Effect Economy?


Technology can have an effect on the economy in several different ways. Initially it may be a financial drain to institute new technology. It can be expensive to adopt new practices which invariably occur with the adoption of new technologies. On the other hand, technology also allows businesses and individuals to process transactions and information more efficiently. 
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it has a positive growth impact.
It reduces the dependence of the economy on business, it makes the
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It plays a critically important role and always has, but it's just as important to other advanced global economies. That said, the USA has three things going for it that have enhanced
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