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Category: Technology

How Technology Affects Allocative Efficiency

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| Technology

What drives technology? What makes something new and innovative? The answer to these questions and others like them revolves around efficiency. The efficiency with which a technological system produces an economic or other value-added output can vary dramatically across different technological systems. Technological efficiency in the health centres industry can vary according to the input […]

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How Communication Technology Improves Sales Opportunities and Productivity for Businesses

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| Technology

Technology has changed so much since the 1990s that it is difficult to keep up. For example, a decade ago the technology would have been quite antiquated; however, with the Internet, email and social media, businesses can now reach millions of customers around the world and do business with them at breakneck speed. Business productivity […]

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Three Trends in Personal Technology For the Next Five Years

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| Technology

Futureotechnology is a general term denoting future technology. It generally refers to technologies that involve human-induced manipulation of non-natural or man-made resources or systems. Some futurists even predict that all future technology will be artificially intelligent by the year 2039. This would mean that all machines, robots and humans will have internet connections, be able […]

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