Search results
Results From The WOW.Com Content Network
The level of technology is important to determine the economic growth. It is the technological process which keeps the economy moving. In the modern world, superior technologies, resources, geography, and history give rise to robust economies; and in a well-functioning, robust economy, economic excess naturally flows into greater use of technology.
The digital economy is a portmanteau of digital computing and economy, and is an umbrella term that describes how traditional brick-and-mortar economic activities (production, distribution, trade) are being transformed by the Internet and World Wide Web technologies.
Service sector is the largest contributor to the Telangana's economy with a share of about 65% in the year 2018-19. Growth in services has largely been fuelled by IT services with the State holding leading position in IT & ITeS in the country in terms of production and exports. [7] Around 54% of GDP comes from Hyderabad metropolitan ...
Technology growth and efficiency are regarded as two of the biggest sub-sections of total factor productivity, the former possessing "special" inherent features such as positive externalities and non-rivals which enhance its position as a driver of economic growth. [citation needed]
Many Chinese inventions — paper and printing, gunpowder, porcelain, the magnetic compass, the sternpost rudder, and the lift lock for canals — made major contributions to economic growth in the Middle East and Europe. [citation needed] The outside world remained uninformed about Chinese work in agronomy, pharmacology, mathematics, and ...
An axe made of iron, dating from the Swedish Iron Age, found at Gotland, Sweden: Iron—as a new material—initiated a dramatic revolution in technology, economy, society, warfare and politics. A technological revolution is a period in which one or more technologies is replaced by another new technology in a short amount of time.
The quaternary sector of the economy is based upon the economic activity that is associated with either the intellectual or knowledge-based economy. [1] This consists of information technology; media; research and development; information-based services such as information-generation and information-sharing; and knowledge-based services such as consultation, entertainment, broadcasting, mass ...
In economics, it is theorized that initial adoption of a new GPT within an economy may, before improving productivity, actually decrease it, [4] due to: time required for development of new infrastructure; learning costs; and, obsolescence of old technologies and skills. This can lead to a "productivity J-curve" as unmeasured intangible assets ...