Explain 3 ways how Information and Communication Technology can lead to economic and business growth.
Three ways information and communication technology can lead to economic and business growth are:
1. It helps in transfer of information and latest technology from one country or economy to another and help all to benefit for the new technology developed in one place
2. Businesses can get information on what the customer requirements are in a foreign country and alter their production likewise to maximize consumer satisfaction.
3. Economies can communicate with one another on their requirements and make sure they are all on the same lines and copy the success stories of well established business houses in their home country.
The above mentioned are some of the ways information and communication technology helps in economic and business growth.
Explain 3 ways how Information and Communication Technology can lead to economic and business growth.
How does the neoclassical growth model explain economic growth? Does it explain the impact of technology on output?
Explain two ways a government can invest in economic growth (in other words, ways a government can influence or stimulate economic growth). Please be specific. Then, comment on whether your factors fall under the category of physical capital, technological advancement, human capital, or other.
1. Explain how the complexity of the health workforce may lead to communication failure and conflict. Summarize ways to use quality communication and conflict management skills to successfully motivate subordinates, build interdisciplinary teams, and lead a health organization based on commitment rather than compliance or resistance.
In what ways may continuous improved healthcare information technology assist in continuity, communication and accountability of patient care?
(i) Explain what is meant by an aggregate production function? (ii) What is technology and why does its growth contribute to improved living standards? (iii) Why do economists claim that technology played a large role in the economic growth of the past 200 years? (iv) Explain why technology includes different ways in which to organise a firm. (v) What is wrong with a growth policy that focuses on capital formation rather than technology? (vi) How do property rights affect economic...
How has information technology changed the way that organizations do business? In what ways has IT helped companies become more efficient and effective? What challenges are created by advances in IT?
Describe three ways that informatics, quality improvement, communication, and safety interrelate when using healthcare information technology.
How do you think education and technology leads to economic growth?
Explain how differences in economic systems, economic institutions, how the economy is organized, the rate of economic growth, or other economic factors such as GDP, inflation rate, interest rates, etc. that are different in Israel when compared to economic factors in the United States that can affect how business is conducted, the types of products you can sell, or, how differences in the economy can affect business decisions.
1. Describe the causative relationship between economic growth and economic development. You answer should be structured in terms of the general factors necessary for economic growth. 2. Under assumptions of the Harrod-Domar model, how does a decrease in capital-output ratio lead to the possibility of self-sustaining growth? 3. Using a Lewis labor surplus framework show graphically and explain how an increase in capital-augmenting agricultural (traditional sector) technology affects a country’s ability to achieve self-sustaining growth that is driven by modern...