Overview
Technology is a key driver of economic growth, enhancing productivity and creating new markets. By automating processes and improving efficiency, technology allows businesses to operate more effectively, leading to increased output and economic expansion. Innovations in various sectors, such as e-co...
Key Terms
Example: Increased productivity means more goods are produced with the same amount of labor.
Example: Smartphones are an innovation that transformed communication.
Example: A rising GDP indicates a growing economy.
Example: Amazon is a leading e-commerce platform.
Example: Robots in manufacturing automate assembly lines.
Example: Mobile banking apps allow users to manage their accounts from anywhere.
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intermediateSustainable Development
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advancedEntrepreneurship in Tech
Understand the role of entrepreneurship in driving technological innovation.
intermediateKey Concepts
ProductivityInnovationMarket CreationEfficiency