ENGINEERING ECONOMIC ENHANCED EBOOK
14th Edition
ISBN: 9780190931940
Author: NEWNAN
Publisher: OXF
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Question
Chapter 7, Problem 1QTC
To determine
Reasons for late availability of technology to general public.
Expert Solution & Answer
Answer to Problem 1QTC
The technological advancement helpedto enhance general public’s day to day life with more adequate progress in technology field which has progressive impact over them.
Explanation of Solution
The impact of general public over the technological advancement is as follows:
- As the crimes increases the safety and precautions also increases towards the general public, the technological advancement which helped is through video surveillance, online FIR filing, telephones, etc.
- Advancements in access control helped general public enjoy the security through cameras, doorbell, advance door locks, digital locks, digital chips which help the public to secure themselves from all kind of harm.
- The evolution of artificial intelligence helped and surprises us in many ways. Through this technologymany major business sectors have been influenced such as financial sector, healthcare sector and mobility.
- As the drone technology is deeply emphasizing the general public through giving the best facility and help by giving reasonable and easy access to the workload and other services.
- Social robots have been placed with the children for the old age people who needed care and support during their last stage of life. So, any how these technological advancements have taken deep roots in the life of general public through which they cannot make their lives easier.
Economics Concept Introduction
Introduction:Technological advancement is the information that helps in development of knowledge about the technology and its advances. Technology is the implications of scientific principles and knowledge. This technology helps to define how to embody scientific knowledge into material or device or product.
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public activity 003002 assessment
K! Kahoot!
11.3.2 Quiz: Specialization
Question 5 of 10
Which term describes a business's decision to focus on producing a small
number of products?
A. Opportunity cost
B. Specialization
C. Voluntary exchange
D. Self-sufficiency
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Chapter 7 Solutions
ENGINEERING ECONOMIC ENHANCED EBOOK
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