Technology in the Production Process Flashcards
Fill in the missing word:
With technology, ____ can be designed to do the work of people more ____ and more effectively.
Machinery & efficiently
What is more possible to produce through the use of technology?
It is possible to produce more good and services.
What does technology improve?
Technology improves the productivity of the other factors of production.
Name the three disadvantages of using technology in the production process.
Costly to purchase, loss of jobs and expensive to maintain.
Why is technology costly to purchase?
Technology is costly to purchase because it can be very expensive for a business to use technology especially when it is imported from other countries.
Why is there a loss of jobs over technology?
Technology can replace labour because machines can do the work faster than humans, therefor it can lead to unemployment.
Why is technology expensive to maintain?
Most technology needs to be fixed by an engineer or technician when it breaks down. There are highly skilled people that will need to be paid for it.
