How can the use of new technology in industry benefit the US government? The government can purchase materials from anywhere. The government can rely on automation to reduce costs. The government can react to economic changes quickly.Click to see full answer. Similarly, you may ask, how can the use of new technology in industry benefit workers?1.) Technology can move workers out of dangerous jobs where they suffer higher casualty rates, which also benefits companies through lower insurance rates. 2.) Technology can make it cheaper for a company to train new workers, making an expanded workforce a more attractive option.Similarly, is technology good for the economy? Some technologies are good for the economy in small amounts but not large ones. Not only do economic ideas shape the institutions and communities we live in, they also influence our own ideas of personal success – be it earning well, achieving a ‘Dr. People also ask, how does technology help in economic development of a country? For developing countries, access to technology can have many benefits — one such improvement being the boost of a nation’s economy. Other ways that technology is helping economies in developing countries include reducing the costs of production, encouraging the growth of new business and advancing communication.When the US government becomes aware of economic changes?When the US government becomes aware of economic changes, the discovery is most likely to influence how the nation allocates resources. how companies interest buyers.
