One sign that the US economy might be weakening in the 1920's was the failure of the area banks. Along with the banks failures there was an underproduction of goods due to lack of money.
The factors of production and the production technology determine the economy's output of goods and services. An increase in one of the factors of productionor a technological advance raises output.
A post industrial economy is one in which the importance of manufacturing decreases and that of other areas grows. Some features of a post industrial economy would be declining manufacturing, increase in the service industry, and increases in technology and creativity.
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a one-resource economy is an economy that relies on one thing
One way that Japan changed in the 1920's and 1030's was rapid industrialization.
In 1920, one of the most important technological advancements was in the form of a robot invention. Another advancement regarded the invention of the Lie Detector by John Larson.
Israel's economy grew at 4.8% percent in 2011 and continues to do well. It is one of the few developed nations in Asia and its economy has good prospects because of the strength of the technology industry in Israel.
jobs have shifted from manfacturing to service industries
One sign that the US economy might be weakening in the 1920's was the failure of the area banks. Along with the banks failures there was an underproduction of goods due to lack of money.
Well firstly, society has changed massively due to technology. Look at everyone these days, communicating through Facebook and considering games as one of their only forms of entertainment, it's definitely different to before technology became existent.
It changed the way people lived, how they lived, how they worked, and where they worked. It changed the way wars were fought by introducing new weapons and counter weapons. Technology changed civilization and history in many ways.
The factors of production and the production technology determine the economy's output of goods and services. An increase in one of the factors of productionor a technological advance raises output.
A post industrial economy is one in which the importance of manufacturing decreases and that of other areas grows. Some features of a post industrial economy would be declining manufacturing, increase in the service industry, and increases in technology and creativity.
Any communication other than by direct face to face contact requires the use of technology. Writing is one early technology that allowed people to communicate at a distance.
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As one industry executive told Industrial Paint and Powder in 1994, "Technology has changed more in the last eight years than in the previous 80 years."