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Explain How Technology Is Different from Physical Capital,and How Technological

question 84

Essay

Explain how technology is different from physical capital,and how technological advances differ from increasing physical capital.


Definitions:

Filtering

The process of selectively presenting information, often to manipulate perceptions or to reduce the volume of data to a more manageable level.

Communication Network

The structure and methods by which information is transmitted and received among members of an organization or social group.

Policies

Principles or rules that guide decisions and achieve rational outcomes.

Procedures

Established methods or sequences of actions for performing tasks or achieving specific objectives, often documented for consistency and efficiency.

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