Technology How Influences Manufacture Industry
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Economic development is driven by man towards the goal of whose own choice. Such development is brought about through "" economies of scope"", which are achieved through organization and strategic management, ultimately expressed as technological investment. Economics is about the behavioral systems by which human organise production and consumption. As such, it obeys the rules of systems, which include time, information and energy. It also requires an appreciation that technological innovations to machine tools and computers have always been a part of the economic process, and can't be treate...
Economic development is driven by man towards the goal of whose own choice. Such development is brought about through "" economies of scope"", which are achieved through organization and strategic management, ultimately expressed as technological investment. Economics is about the behavioral systems by which human organise production and consumption. As such, it obeys the rules of systems, which include time, information and energy. It also requires an appreciation that technological innovations to machine tools and computers have always been a part of the economic process, and can't be treated as variable factor, some kind of analytical optional extra. I shall explain why the success of technological innovation is central to economy. Is (AI) production of factor technological innovation into the industrial base of new products or processes, including modifications to existing process equipment which significantly reduce its cost of operation? The physical difference between industrialised countries and the developed high (AI) production of factor technological countries is the technological hardware, i.e. the factories, distribution systems and all the fixed capital investment which have accumulated. technological innovation is really effort to influence our economic development nowadays.
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