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Many Economists Argue That Certain Rules Must Guide the Use

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Essay

Many economists argue that certain rules must guide the use of economic policies.What are the benefits and costs of economic policies conducted by rules?


Definitions:

Robots

Programmable machines capable of carrying out a series of actions autonomously or semi-autonomously.

Computer-Integrated Manufacturing

A system where computer technology is integrated with machinery and software in the manufacturing process to enhance productivity and efficiency.

CAD/CAM

Stands for Computer-Aided Design/Computer-Aided Manufacturing, it's a technology used for designing products and controlling manufacturing processes.

Flexible Manufacturing Systems

Systems designed to easily adapt to changes in the product being manufactured, allowing for more efficient production processes and customization.

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