Economic growth and development depend heavily on technological advancement, and the quicker the local and global economies can advance, the better.
Saves Time
Efficiency
Specialization
Industrial Expansion
The Internet and International Trade
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Technology can reduce the amount of time it takes to create a good or provide a service, increasing a business's overall earnings.
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Technology can help a company's output rate be more effective by enabling the movement of larger quantities of goods or the provision of more services.
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Technology has increased job specialisation and the division of labour inside an organisation, which has a positive impact on how efficiently a corporation can operate.
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Technology has increased job specialisation and the division of labour inside an organisation, which has a positive impact on how efficiently a corporation can operate.
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The success and expansion of international trade and the job market depend most heavily on information technology, which enables companies to share information and complete transactions more quickly.
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