What is the role of science and technology in our society?

Q: Why is the world growing so rapidly?

A: A distinct group of individuals belonging to a certain group or nation is referred to as a…

Q: Is there any e-business apps that you would suggest to a small business in order to help it survive…

A: e-business is functioning very well during the pandemic, whether it was small or big business…

Q: Why do companies have to study their environment first before venturing into new business?

A: In economics and business, the environment refers to the surrounded area where people make economic…

Q: describe b2b(business to business) in healthcare and provide examples

A: B2B is a technique in which two businesses comes in contact with each other in order to make…

Q: What is the impact or effect of values, attitudes and beliefs on technological advancement?

A: Technology is defined as the accumulated knowledge and application of techniques,  skills, methods,…

Q: In a company, who gets to determine when and how data should be used?

A: Data refers to individual facts, figures, or bits of information that are often quantitative. A…

Q: Impact of technology in society

A: Technology plays a great role in society. With growth in technology,efficiency increases and…

Q: e production possibilities

A: (a) The production possibility curve as follows.

Q: How fast is the world’s population growing?

A:

Q: As a social entrepreneur, what specific community will you help and how will you do it?

A: A social entrepreneur's work is social entrepreneurship. A social entrepreneur is someone who…

Q: What is human rights and how does it affect our daily living?

A: Human rights are values that allow all citizens to live in dignity, democracy , equality, justice…

Q: Why do people or countries specialize?

A: Reasons for specialization or why countries or people specialize: ·         With the help of…

Q: where

A: Resource implies to all the materials accessible in our environment which are technologically…

Q: Do you see the rise of consumer power through evolving changes in technology? If so, how?

A: Technology is all that make things quicker, easier or cheaper. The rise in the technology leads to a…

Q: How are cities related to farming and the Industrial Revolution?

A: Cities got developed during the Industrial Revolution(IR) as laborers left their farms to cluster in…

Q: How did computers and communications impact the global economy?

A: Answer -   Global Economy:- It is addition of the all the domestic economy is termed as the global…

Q: what are The challenges of growing a business?

A: For many entrepreneurs, starting a firm is a huge accomplishment, but maintaining one is a greater…

Q: How does entrepreneurship contribute to a country's economy and society

A: The role of entrepreneurship is very important for every country.

Q: How do design, creativity, and innovation connect in our current environment?

A: Economic activities are incrasing in all over countries eithe developing or developed economy.…

Q: Mass production

A: The manufacturing of a large amount of a standardized product is called mass production. It is used…

Q: what is the meaning of good life?Do people really need technology in their lives? Is it really a…

A: Technology: It refers to the innovation done in an economy at various intervals of time. The more…

Q: what is cultural and social relation in contemporary world

A: The field of social/cultural studies examines how society and culture influence daily living. The…

Q: What is a business and how does it work?

A: The term business refers to the combine efforts of individuals who are engaged in the profit-making…

Q: Case study: Experts Propose a Process for Increasing Innovation. How does the process of…

A: Creating innovative communities is very important. Challenges are there for innovators,but these…

Q: What is Organization in terms of business?

A: In business, organization is an institution or an entity which consists of one or more than one…

Q: does new technology affect society?

A: Technology bring changes inthe way individuals communicate, learn, and think. In today's microwave ,…

Q: Production Possibilities Frontier

A: Meaning of Microeconomics: The term macroeconomics refers to that situation under which the…

Q: What is the impact of new technology?

A: The economy of a country will grow faster when positive changes in the economy occur. It can be…

Q: What are the contribution that an Entrepreneur gives to the society?

A: Firms use various factors of production to be able to produce goods and services for sale. These…

Q: What is the biggest industry today.

A: An industry is known as the branch of economy that produces raw material, goods, or other services…

Q: What is the earliest human being

A: Hominids were the earliest human-like species, and homo sapiens is a member of this group. Hominids…

Q: the benefits of adopting the new technologies

A:

Q: Describe an innovation in technology, business, orculture that had a major economic impact in…

A: Innovation refers to the advancement in a given field, which occurs because of the production, or…

Q: Have new technologies helped you in any significant way, and if so, how? On balance, do you see new…

A: Both my academic and professional lives have benefited greatly from new technologies. My viewpoint…

Q: What are the four forms of business?

A: There are mainly four type of business forms.

Q: Why do you think technology is important in your studies?

A: Answer to the question is as follows:

Q: What are four ways that business can benefit society?

A: Business and society are indistinguishable and related. The best business pioneers realize this is…

Q: What is business planning?

A: In a layman language , We can define Planning as deciding in advance what to do and how to do a…

Q: Explain promotion of modern technology?

A: Modern Technology is the usage of high tech machinery and equipment which are up to the mark with…

Q: How are the natural and technological environments linked?

A: Natural environment includes all the living and non-living things that are occurring naturally.…

Q: Why underground economy is bad?

A: An underground economy signifies the economic transactions not gauged by government statistics. It…

Q: How entrepreneurship contributes to the economy of a country?

A: In an economy, an entrepreneur is the person who comes up with new and innovative ideas, technology,…

Q: how many days in a year

A: One calendar common year has 365 days

Productive and Allocative Efficiency Analysis

Productive efficiency, also referred to as production efficiency is a term in economics describing the level at which a company is operating at its maximum capacity. Beyond this point, the entity will be unable to manufacture any additional goods without cutting down another product’s production level. This occurrence is an outcome of production happening alongside a Production Possibility Frontier (PPF).