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How does technology effect your economy?

Updated: 8/19/2019
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11y ago

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Technology is nothing more than a innovative tool, which helps in smoothing the process of any work.

Technology results in higher productivity, and thus higher incomes. Most of the significant increase in incomes almost always has a technological contribution Technological advancement surely plays a role in the end of this recessionary cycle.

That I'm aware of, no one has ever found a serious connection between unemployment and technological advancement. In fact, I suspect (although this is pure speculation) that unemployment is lower in more technologically advanced countries.

Technology effects:

1 Connects the world at one click

2. Transactions are done online.

3. business Deals are done online

All these point mentioned above are directly associated with economy.

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