Answer to Question #179282 in History for will

Question #179282

analyze how application of technological system improves standard living


1
Expert's answer
2021-04-22T12:28:49-0400

Technological change has resulted in increased productivity and hence higher standards of living ever since humans began using tools. As technology increases productivity, costs of production fall, which means that a worker's income has more purchasing power. Therefore, people's standards of living tend to rise.


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