Question

After the plaque output and capital/worker went up, explain with the graph how the increase in technology helped with the increase in capital and output per worker

Answer 1

Plague was a disease that basically originated in asia.The spread was taken through business , trade transaction. During the plague situation the world business where totally collapsed but after the plague witnessed the drastic change in overall organizational improvement. Technology improvement is oneof the important cause for that prospirity.The organizations starts investing more on technology and that will made positive impact on economy. In the view of employees , technology was new to them. The where verymuch surprised to see or to feel modern technology. They also want to how it work. Organization identified that ; if they give technical knowledge to the organization that will make additional benifit to them.

As next step they started technological trainings to the employees . Due to this they are able to compete in market and their productivity began to increas . Another merit of technological production is ; it reduced the production time and cost.This will facilitate the organization very much. Their per capita productivity starts to increas and company started to get profit frome that. Before plague world economy was not improved like this.

The below diagram deals with that;