Role of technology in the economy from "summary" of Oswaal NCERT One For All for UPSC & State PSC's Indian Economy Classes-9 to 12 (Old & New NCERT Edition) (For 2023 Exam) by Oswaal Editorial Board
The role of technology in the economy is paramount in today's world. Technology has revolutionized the way businesses operate, the way consumers interact with products and services, and the way economies grow and develop. One of the key aspects of technology in the economy is its impact on productivity. Technology has enabled businesses to increase their productivity by automating tasks, streamlining processes, and improving efficiency. This increased productivity leads to higher output and ultimately, economic growth. Furthermore, technology has also played a crucial role in globalization. The advent of the internet and other communication technologies has made it easier for bu...
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