economic production

What Effect Does New Technology Usually Have On An Economy?

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What Effect Does New Technology Usually Have On An Economy? What effect does new technology usually have on an economy? In economics, it is widely accepted that technology is the key driver of economic growth of countries, regions and cities. Technological progress allows for the more efficient production of more and better goods and services,

Do The Bourgeoisie Own The Means Of Production?

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Do The Bourgeoisie Own The Means Of Production? Do the bourgeoisie own the means of production? They own part of the means of production (like a factory). They employ members of the proletariat to produce goods. They retain the vast majority of the profits of their workers’ labor. They pay their workers wages in exchange