Question

In: Economics

Which best illustrates technology?

Which best illustrates technology?

Group of answer choices

a consumer buying the latest iPhone

a business using computers to make goods

a business finding a way to make goods more efficiently

Solutions

Expert Solution

Option B is the correct answer.

Technology simply means tha application of scientific knowledge for practical purposes, mainly in industry. technology includes machines like computers but also technique and processes.

A business using computers to make goods is an example of technology.


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