1. Technology
... of natural resources. Innovations in technology allow for more efficient uses of limited or scarce resources. More products might be made from the same amount of raw material using new techniques. Technology can increase productivity to help countries compete with other countries in selling goods and services. Some say that without technological improvements, the economy would grow slowly or not at ... the economy was at an all time low and at the time no one could of forecasted what was about to happen. Carriage and buggy-whip makers were still making good profits in a growing market, ...
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- Approx Pages: 6