Author Question: Write a short essay on technology and emerging markets. What will be an ideal ... (Read 47 times)

ghost! · **on:** Jul 7, 2018

Write a short essay on technology and emerging markets.

What will be an ideal response?

Question 2

Companies strive to drive down prices ________, among other strategies.

A) by centralizing manufacturing and procurement to a single source
B) by standardizing what they sell
C) by thwarting the growth of supranational institutions
D) by discouraging competition

micaelaswann · **Reply #1 on:** Jul 7, 2018

Answer to Question 1

The developing economies are at a very early stage, while the emerging markets are quickly catching up to the advanced economies. Technology is the knowledge and application of tools, techniques, systems and methods of organization to serve industry, science, and the arts. Technology is vital to economic development and includes not just hardware computers, telephones, and industrial machinery; it also includes the associated software knowledge management, educational systems, worker skill levels, banking infrastructure, and so forth. In the advanced economies and emerging markets, information and communications technologies have had an enormous impact on knowledge acquisition and on worker and personal productivity. Absence of such technologies in the developing economies helps explain why they are well behind the other countries in education, economic output, and future prospects.

Answer to Question 2

B