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Innovation has influenced the economy through direct occupation creation, commitment to Gross domestic product development, formation of new administrations and commercial ventures, workforce change and business advancement. The utilization of innovation has been connected to commercial center change, enhanced expectations for everyday comforts and more powerful universal exchange.
Technology has affected the economy through direct job creation, contribution to GDP growth, creation of new services and industries, workforce transformation and business innovation. The use of technology has been linked to marketplace transformation, improved living standards and more robust international trade.
First: The Productivity rate rises up continuously
Second: Tasks are achieved more accurate.
Third: More production can be achieved by less labor force
Conclusion: Cost less and Produce more
Technologies are one of the most effective thing in the current world which affects the economy.
It reduces the time and efforts
it decreases cost of production
it reduces labour cost
it gives fastest results
it ensures accurate results
it makes innovation in marketing
etc.
Technologies help to upgrade the performance, size and the final result of the economy.Also increase the profit and decrease each works, time and money.
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